On May 22, 2025, the blockchain community witnessed a shocking incident. Cetus Protocol, a decentralized finance (DeFi) platform built on the Sui network, was hacked and lost $260 million. The event caused severe financial damage and ignited a fierce debate about decentralization, a core principle of blockchain technology. Is the Sui Network Truly Decentralized? Immediately after the hack, Cetus quickly paused its smart contracts to prevent further losses
source: https://beincrypto.com/decentralization-trust-shaken-cetus-hack/