Sui validators freeze majority of stolen funds in $220M Cetus hack

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Source: CetusRelated: Germany seizes $38M in crypto from Bybit hack-linked eXch exchangeThe Cetus hack: the story so farOn May 22, the Cetus DEX was hacked in what is believed to be a smart contract code exploit that saw the DEX drained of approximately $223 million in user funds.

Cetus, a decentralized crypto exchange (DEX) built atop the Sui blockchain network, said $162 million of over $220 million stolen in a May 22 hack has been frozen.

According to the team behind the Extractor Web3 security notification tool, $63 million of the stolen funds were bridged to the Ethereum network.

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Article Details

Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets: United StatesGermany

Topics: Hack Team Cetus Million Stolen Freeze Funds Recover Crypto Ecosystem Network

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 20:32:19 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28914519

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