Cetus DEX exploited for $223 million; some funds "paused"

An attacker stole $223 million from the Sui-based Cetus Protocol. The project announced shortly after that $163 million of the funds had been frozen, leaving around $60 million unaccounted for.

This led some to question how decentralized the project truly is if the funds can be frozen in such a way.

Sui validators later voted to return the frozen assets to the Cetus project. Cetus also announced that users would be fully compensated, and that they would cover the $60 million gap with project treasury funds and a loan from the Sui Foundation.