Crypto Drama: CETUS Rises from the Ashes of a $200 Million Hack! 💰😱

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Ah, the Cetus Protocol! A name that echoes through the digital corridors of the SUI blockchain, now basking in the glow of a miraculous 27% surge in its native token, CETUS, which is now trading at a princely sum of $0.1665. Who would have thought that a little chaos could lead to such a delightful spectacle? 🎉

This meteoric rise, dear reader, was ignited by the recent announcement that the protocol would cover the losses from last week’s audacious heist, where a staggering $200 million was spirited away by some rather enterprising hackers. Fear not! The Cetus team has promised to restore the stolen assets using a mix of cash, token treasuries, and a generous loan from the Sui Foundation. Optimism is in the air, and CETUS has become the belle of the ball! 💃

Recent Optimistic News Boosted CETUS Price & Volume

On the fateful day of May 22, the price of Cetus Protocol soared like a phoenix, shattering more than 40% in a single candle, and over 50% in the past week! It seems the altcoin sector is having quite the party this Q2. 🥳

But let us not forget the dark cloud that loomed over this celebration: the hackers, those digital marauders, who pilfered approximately $223 million, marking this incident as the second-largest heist of 2025, right after the infamous Bybit escapade. What a time to be alive! 😅


These crafty attackers exploited a vulnerability in the liquidity provider’s smart contract, a veritable open-source buffet! They danced through SUI wallet addresses, swapping USDT and USDC like it was a game of musical chairs, before making their grand exit via the Ethereum blockchain. Bravo! 👏

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After weathering the storm, the Cetus Protocol emerged on May 28th with a bold proclamation titled “A Path Forward Together.” They are ready to cover the stolen assets, hand in hand with the Sui Foundation. A heartwarming tale of redemption, wouldn’t you agree? ❤️

This announcement served as the bedrock for the day’s price surge, with trading volume skyrocketing to $217 million, thanks to a sudden spike in social chatter on platform X. Who knew a little drama could stir the pot so effectively? 🍲


Now, if CETUS continues to ride this bullish wave, we might just see it leap above $0.185 and touch the 200-day moving average at $0.22 in the coming sessions. The upward journey awaits! 🚀

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FAQs

What is the Cetus Protocol?

Cetus Protocol is a pioneering decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchains. A true marvel of modern technology!

How much is Cetus today?

As of May 28, 2025, the CETUS token is exchanging hands around $0.1642, showing a recent intraday jump. Quite the rollercoaster ride!

Who is the founder of Cetus Protocol?

The founder of Cetus Protocol is none other than Henry Du, the mastermind behind this liquidity protocol. Hats off to him! 🎩

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2025-05-28 15:23