Haedal Protocol on Sui Suspends haeVault Following $223M Exploit on Cetus

Haedal Protocol, a liquidity staking project built on the Sui blockchain, has temporarily disabled its haeVault feature. The decision comes after a massive $223 million exploit on Cetus Protocol, which provides the core liquidity infrastructure for many Sui-based applications.

haeVault on Hold – User Security Comes First In an official statement, the Haedal team confirmed that haeVault will remain offline until all security concerns are resolved. Since this vault relies on liquidity from the now-compromised Cetus pools, developers opted to pause the service as a precaution. “User safety is our top priority,” Haedal stated. “haeVault will resume once the environment is secure and stable.”

The team assured users that all other protocol functions and on-chain funds are fully safe and unaffected by the breach. Haedal is now working closely with Cetus and other projects within the Sui ecosystem to support recovery efforts.

Major Impact: Tokens Plummet Amid Liquidity Loss The exploit sent shockwaves across the Sui ecosystem. Tokens like AXOL, HIPPO, and SQUIRT lost nearly all of their value within 24 hours as liquidity was drained from Cetus. CETUS fell nearly 30% in 24 hours, now trading at $0.169HAEDAL remained relatively stable, down just 0.7%, at $0.17SUI dropped over 4.7%, sliding from a daily high of $4.18 to $3.85 – still 28% below its all-time high of $5.35 from January 2025

Cetus Offers Bounty Deal to Hacker In a bid to recover the stolen funds, Cetus has proposed a $6 million bounty if the attacker agrees to return 20,920 ETH (~$55.7M) and all frozen assets on Sui. If the hacker accepts, they would be allowed to keep 2,324 ETH and be granted immunity from legal action. However, Cetus has made it clear that the offer is time-limited — if the attacker uses coin mixers or attempts to obfuscate funds, the deal is void.

Summary 🔹 Haedal suspends haeVault after Cetus exploit

🔹 Hacker drained $223M in liquidity, shaking the Sui ecosystem

🔹 AXOL, HIPPO, and SQUIRT crashed; CETUS down 30%

🔹 Cetus proposes return-for-immunity deal to hacker

🔹 Sui-based projects face a major test of trust and resilience

#CryptoSecurity , #defi , #sui , #CryptoNewss , #CyberSecurity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“