$160M of Stolen Funds from Cetus Hack Frozen, Recovery Underway

The funds were reportedly locked on the hacker’s account, making them 100% recoverable, and recovery efforts for the remaining stolen funds are actively ongoing.

This reassurance comes amid fears of a major exploit’s impact on sentiment across the Sui and Cetus communities. Sui contributors urge users to remain calm and avoid panic selling, emphasizing that leading recovery specialists are working on the case.

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The breach began with USDC on Sui depegging and token prices crashing by up to 99%, wiping out liquidity providers and disabling major trading pairs. With $260 million drained, it marks one of the largest DeFi hacks of 2025 and the most damaging to Sui’s ecosystem, putting intense pressure on its DeFi infrastructure, according to on-chain analysts.

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