# @lookonchain: Cetus protocol on Sui blockchain hacked for $260M

Source: https://x.com/lookonchain/status/1925520316044046809
Kiwi News: https://news.kiwistand.com/stories/lookonchain-Cetus-protocol-on-Sui-blockchain-hacked-for-dollar260M?index=0x682f1a786f5027d680657ce396117750d9b689b701cc5bea7d766fc59ac59981a7495257
Submitted by tim on 2025-05-22 UTC, 1 upvote, 0 comments

## Summary

The Cetus protocol on the Sui blockchain was hacked for more than $260 million, according to a Lookonchain post. The hacker is reportedly converting the stolen funds into USDC and cross-chaining them to Ethereum to exchange for ETH, with about 60 million USDC already moved cross-chain. The post includes links to Sui and Arkham blockchain explorer addresses associated with the activity.

## Article

Cetus(@CetusProtocol) on #SUI was hacked and lost more than $260M!

The hacker is converting the stolen funds into $USDC and cross-chaining to #Ethereum to exchange for $ETH, with ~60M $USDC already cross-chained.

https://suiscan.xyz/mainnet/account/0xe28b50cef1d633ea43d3296a3f6b67ff0312a5f1a99f0af753c85b8b5de8ff06/activity
https://intel.arkm.com/explorer/address/0x89012a55cD6b88e407C9d4ae9B3425F55924919b