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Cryptocurrency News Articles

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

May 23, 2025 at 07:11 pm

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

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.

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now

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.

DISCOVER: Top 20 Crypto to Buy in May 2025

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

MIND Of Pepe Launch In One Week

The clock is running out. With just days left in the MIND of Pepe presale, early-stage buyers are locking in positions before this AI-driven juggernaut hits the open market.

Unlike the endless vaporware flooding the space (*cough* VIRTUAL *cough*), MIND Agent is already live, scanning sentiment, tracking wallet flows, and identifying real-time narratives across the entire crypto ecosystem.

This isn’t theory. This is operational alpha, hard-coded into a self-evolving intelligence system that thinks, adapts, and acts.

While other tokens talk about the roadmap, MIND is executing.

Every layer of its architecture is built to do one thing: generate advantage. Whether it’s launching tokens, uncovering pre-viral gems, or parsing out the next meme-fueled cycle before it hits the charts, MIND gives its holders access to a system that learns faster than any trader can react.

And the window is closing. As the AI token boom accelerates, $MIND is priced at just $0.0037515: but not for long.

The presale has already raised more than $1o millon, and the next surge could send it screaming past the $10M mark ahead of a monumental launch in just one week.

Don’t wait for influencers to tell you what you missed. Visit the MIND of Pepe site, connect your wallet, and move before the rest of the market catches up.

VISIT MIND OF PEPE HERE

DISCOVER: Best Meme Coin ICOs To Invest In May 2025

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Other articles published on Jun 07, 2025