A staggering $220 million exploit has rocked SUI price after the SUI based decentralized exchange Cetus was hit

This isn't your average rug pull. A staggering $220 million exploit has rocked SUI price after the SUI based decentralized exchange Cetus was hit

The massive $220 million exploit of the SUI based decentralized exchange Cetus has left traders assessing risk on the SUI token price.

Cetus Protocol, a DeFi protocol built on the Sui Network, has confirmed that an attacker stole approximately $223M from the protocol in one of the largest DeFi hacks of 2025.

🚨ANNOUNCEMENT

As of earlier today, we have confirmed that an attacker has stolen approximately $223M from Cetus Protocol. We have immediately took action to lock our contract preventing further theft of funds.

$162M of the compromised funds have been successfully paused. We are…

— Cetus🐳 (@CetusProtocol) May 22, 2025

In an urgent bid to recover funds, Cetus protocol is offering the hacker a $6 million white hat bounty and requested the return of 20,920 ETH and other stolen assets. So far, $162 million has been frozen.

But the fallout goes deeper. The Sui Network’s emergency response is now igniting a broader decentralization debate.

Is SUI Crypto Truly Permissionless Or Are SUI Foundation Able to Switch Off TXs?

GitHub logs show the core team considered deploying a “whitelist” override, essentially bypassing normal transaction verification, to claw back funds.

Defenders argue this is practical decentralization: validators and devs cooperate to protect the ecosystem.

Still, the optics are brutal: a blockchain willing to break protocol when things go south.

As questions swirl around governance, immutability, and trust, one thing is clear: Sui is under the microscope. The hack has shaken confidence in its infrastructure and cast a shadow over the network’s price outlook as traders reassess risk.

So what does this mean for the SUI token? Let’s take a closer look.

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SUI Price Analysis: Will SUI Price Recover From Cetus Hack?

While the market pushes high alongside Bitcoin’s price breakout, the hack has left SUI in the dust, with SUI currently trading at a market price of $3.86 (representing a 24-hour change of -0.59%).

Yet, while the hack has seemingly capped upside on the short-time frame, the SUI price remains resilient. It continues to consolidate above the $3.8 price level following a successful bounce off the 200DMA two weeks ago.

(SUIUSDT)

Appearing as a long-time frame consolidation, the SUI price would’ve already bounced from here, barring the FUD surrounding the Cetus incident.

Notably, SUI’s RSI indicator has been slow to cool off, with a technical bearish signal at 59 still dominating.

However, this Weekend, the SUI price will reach a critical test of lower trendline support, triggering an alluring +14% bounce on Monday. So watch closely for a spike above local resistance at $4.3.

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Lost Money On SUI Hack? Fastest Way To Make It Back Is

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