Sui's Haedal Protocol Halts haeVault After Cetus Exploit Shakes the Ecosystem

Haedal Takes Action to Protect Users

Listen up, crypto fans! Haedal, the Sui-based liquid staking protocol, just hit the pause button on its haeVault feature. Why? Because the Cetus liquidity pool it relies on got rocked by a massive $223 million exploit. Talk about a wake-up call!

Haedal's Response to the Chaos

Haedal didn't waste any time. They dropped an official statement faster than you can say "blockchain." Since haeVault's tied to those Cetus pools, Haedal's pulling the plug for now. They're not taking any chances with your funds, folks.

"User safety remains our top priority. haeVault will resume once all risks are resolved and the environment is secure," Haedal declared. You gotta respect that commitment to keeping your crypto safe.

Haedal's Other Features Remain Unscathed

Breathe easy, Haedal users. The protocol's assuring everyone that, aside from haeVault, all their other on-chain goodies and your precious funds are "completely safe." They're also teaming up with Cetus and other Sui projects to help pick up the pieces after this exploit disaster.

The Sui Ecosystem Feels the Pain

Man, this Cetus exploit hit the Sui ecosystem hard. In just 24 hours, tokens like AXOL, HIPPO, and SQUIRT tanked, losing nearly all their value after the attacker drained Cetus' liquidity pool. It's like watching a crypto horror movie unfold in real-time.

Token Prices Take a Hit

The CETUS token? It's plummeted by nearly 30% in the last day, now trading at a measly $0.169. Ouch. Meanwhile, Haedal's token is holding up a bit better, only dipping slightly by 0.7% to $0.17. And Sui itself? Down over 4.7%, sliding from a $4.18 daily high to $3.85. It's still 28% off its January 2025 all-time high of $5.35.

Cetus Offers a Bounty to the Hacker

Hold onto your hats, because Cetus is making a bold move. They're dangling a $6 million bounty in front of the hacker, trying to get them to return the stolen loot. We're talking 20,920 ETH ($55.7 million) and all those frozen assets on Sui. In exchange, the hacker gets to keep around 2,324 ETH and a get-out-of-jail-free card.

But here's the kicker: Cetus says this offer's got an expiration date. If the hacker tries to cash out or run the stolen funds through mixers, the deal's off the table. It's a high-stakes game of cat and mouse, and we're all watching with bated breath.