# Sui's Cetus Decentralized Exchange Hit in $260M Exploit

*Author: Bankless*
*Published: May 22, 2025*
*Source: https://www.bankless.com/fr/read/suis-cetus-decentralized-exchange-hit-in-260m-exploit*

---

Cetus, the largest DEX on the Sui network, was exploited for $260M, causing massive losses and token crashes across the ecosystem.

## **What’s the Scoop?**
- **Massive Hack**: Cetus, the largest DEX on the Sui network, was exploited for $260M, draining its liquidity pools.
- **Exploit Mechanism**: The attacker used spoof tokens to manipulate price curves and liquidity reserves, extracting real assets like SUI and USDC.
- **Token Fallout**: CETUS token dropped 40% and Sui-based tokens like BULLA and MOJO crashed by over 90% following the hack.
- **Paused Contracts**: Cetus has halted smart contracts and is actively investigating the incident, with an official statement pending.