The main dishes to remember:
- Cetus offers a bonus of $ 6 million for the return of $ 56 million in stolen ETH in a feat of $ 223 million.
- Suis Validators froze the addresses linked to hacking, in break 162 million dollars in compromised tokens.
- The incident aroused criticism of the centralization of suis while token values, including Cetus, crashed.
Cetus’s protocol, a decentralized exchange built on the AU blockchain, offers a bonus of $ 6 million on a hacker behind a feat of $ 223 million that rocked the platform earlier this week.
The award is part of a time sensitive to time to recover part of the stolen assets – in particular, 20,920 ETH estimated at around 56.3 million dollars that have been reduced to Ethereum.
Cetus tends to hack
In an end -of -evening post on X, Cetus confirmed that he had identified the Ethereum portfolio used in the attack and had contacted to negotiate with the pirate.
“In exchange, you can keep 2,324 ETH (~ 6 million dollars) as a bonus, and we will consider the question closed,” said the team in a message co-signed by the Inca Digital Data Analysis Company.
The message warned that legal and intelligence operations would begin if the attacker tried to get rid of or mix the assets.
The violation, which occurred on Thursday, exploited a vulnerability in intelligent contracts of the Cetus liquidity swimming pool.
The attacker drained millions in crypto, some of which were quickly exchanged in the USDC and converted into ETH. Cetus claims that vulnerability has now been corrected.
SUN Network, the underlying blockchain of Cetus, replied by coordinating with the validators to freeze the addresses associated with the stolen funds.
“A large number of validators have identified the addresses with the stolen funds and ignore transactions on these addresses until further notice,” said the SU.
According to the SU team, around $ 162 million in compromised tokens were “interrupted” as a containment measure.
Dear Community SU, thank you for your patience while our team works on the survey and the resolution of incidents.
Since he took the measures indicated in our previous ad, we have also done the following:
1. We have started the wider ecosystem, the Sun and Lié team… https://t.co/gs1ewxz6ad
– Cetus
Dear Community SU, thank you for your patience while our team works on the survey and the resolution of incidents. 
(@Cetusprotocol) While Cetus applauded the effort of collaboration with the DEFI protocols and the SUP stakeholders, the incident increased the red flags of the cryptographic community at the level of control exercised by the network.
“Does this make it centralized? The short answer is yes,” wrote Cyber Capital Justin Bons, criticizing the validators’ ability to censor transactions.
He underlined the number of network validators and the concentration of tokens supply as key concerns.
The next day, the native token of Cetus, Cetus, plunged 50% and is currently negotiated at $ 0.1714, according to Coingecko.
Other tokens related to the protocol, including Lofi and Hippo, have undergone similar losses.
Crypto lost $ 1.6 billion against pirates in the first quarter
In the first three months of 2025, the cryptography ecosystem lost $ 1,635,933,800 in 39 incidents, according to the Immunefi blockchain safety platform.
Most of this is the result of only two hacks of two centralized exchanges. Phemex suffered a loss of $ 69.1 million in January, while Bebit lost $ 1.46 billion in February.
Subsequently, the total number of losses in the first quarter marked an increase of 4.7x compared to the first quarter of 2024. At that time, pirates and fraudsters stole $ 348,251,217.
In particular, experts assume that the infamous North Korean group Lazarus is the source of the two largest attacks. They stole $ 1.52 billion, or 94% of total losses.
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