According to Cas Abbé on Twitter, the CETUS Protocol hack has been officially confirmed with nearly $220 million in funds compromised. So far, $160 million has been successfully frozen, while the CETUS team is collaborating with SUI Foundation, Binance, and other partners to recover the remaining $60 million from the hackers (source: Cas Abbé, Twitter, May 22, 2025). In response, the $CETUS token has dropped over 15% in value. This significant breach highlights the ongoing risks in DeFi protocols and underscores the importance of robust security measures for crypto traders and investors. The incident has triggered heightened volatility and may impact sentiment across decentralized finance and SUI ecosystem-related tokens.