The Cetus Protocol, a decentralized exchange operating on the Sui blockchain, experienced a significant exploit on May 22, 2025. This marked the second major hack of the year, severely impacting Sui-based tokens and causing the CETUS native token to plummet by 50%. In response to this crisis, the community has voted to issue a full refund to affected users. This decision highlights the protocol’s commitment to protecting its users and maintaining trust in the platform. As the blockchain industry grapples with security issues, the swift action taken by Cetus aims to reassure users and stakeholders. Observers will be watching closely to see how this incident shapes the protocol’s future and its approach to security moving forward.