According to PeckShieldAlert, the CetusProtocol exploiter swapped bridged USDC on Ethereum for 23,000 ETH valued at approximately $62 million, then moved 20,000 ETH to a new wallet address (0x0251...af16). This large-scale ETH transfer significantly increases volatility risks on Ethereum and related DeFi tokens, and could influence short-term liquidity and trading strategies across major exchanges (Source: PeckShieldAlert, Twitter, May 22, 2025).