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Hack history / 2025 / Hack or exploit

Cetus CLMM

Hack or exploit on May 22, 2025 · Arithmetic Error

SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$223M
dollars at the time
Returned
$163M
73% of the loss, as a source states it
Rank
#28
among thefts by dollars lost

What happened

Cetus CLMM on Sui suffered a math error in its checked_shlw function where an incorrect overflow threshold (0xffffffffffffffff << 192 instead of 1 << 192) allowed attackers to craft positions with phantom liquidity. Using flashloans to manipulate prices and create tight tick ranges, attackers minted enormous liquidity while depositing minimal real tokens, then withdrew actual reserves.

Details

Date
May 22, 2025
Kind
Hack or exploit
Method
Arithmetic Error
How in
Smart contract bug
Target
DeFi protocol
Chains
Sui

After the theft

Frozen
yes, amount not stated
“The project announced shortly after that $162 million of the funds had been frozen.” (SlowMist Hacked)
Recovered or frozen
$163M
“$223.0M taken, $60.0M after recovery or freezing” (Web3 Is Going Great)

Reported by

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Cite this pageSwanBluechip, "Cetus CLMM hack, May 22, 2025: $223M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht20e34e603c/ (data as of 2026-10-31).
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