Cetus Offers $6M Bounty for $220M Recovery

Cetus Offers $6M Bounty for $220M Recovery
Cetus Offers $6M Bounty for $220M Recovery

Main notes

  • CETUS warned against escalating legal measures and intelligence if assets are transferred outside the chain or through mixers.
  • According to the SUI team, the emergency function was reported to overcome security checks, allowing the staple to prohibit transactions related to the assets of the infiltrators.
  • After hacking efforts and ongoing efforts to recover, Sui Token faced strong pressure, as its price fell to $ 3.85 after rejection at $ 4.2.

CETUS, the original decentralized stock exchange (DeX) on sui Blockchain

but
$ 3.65



24 hours fluctuation:
5.3 %


The maximum market:
$ 12.18 b



Folder. 24h:
$ 1.76 b

6 million dollars from the whispered White Bounty, in an attempt to recover the $ 220 million stolen money. Dex faced great exploitation on Thursday, May 22, although it managed to freeze $ 162 million of stolen money in a short time after hacking.

CETUS has announced a white hat bonus up to $ 6 million to return 20,920

Eth
$ 1 845



24 hours fluctuation:
2.6 %


The maximum market:
222.72 dollars b



Folder. 24h:
14.22 dollars b

,, Which is valued at more than $ 55 million, along with other stolen money currently being frozen on Sui Blockchain. In a guaranteed message in Blockchain treatment on May 22,, Cetos Books:


“On the other hand, you can keep 2,324 ETH ($ 6 million) as a reward, and we will consider the closed issue and we will not follow any other procedure, intelligence or public.”

However, CETUS warned that if the infiltrator tries to transfer these assets outside the slope or send them more to encryption mixers, the infiltrator “will escalate with legal resources and full intelligence.”

The team publishes a special job to restore money from Sui Hack

According to GitHub, the Sui team has published an emergency that allows some transactions to overcome security tests. The team is likely to take these measures to recover the funds associated with Sui Hack.

“It seems that the SUI team has asked all the auditor to publish a corrector code so that they can seize the Hacker from CETUSPROTOCOL with a value of $ 160 million via the unexpected TX,” said Chaofan Shou, a Solayer Labs software engineer.

The SUI engineer did not reveal his name Shou that the auditors have stopped publishing this, and are currently stopping the transactions that include the creatures of the infiltrators, and they were also shared in the May 22 publication on X.

This decision has been criticized by decentralized advocates, who argue that the ability to overcome transactions undermine the basic principles of a central network, without permission.

However, others in the encryption community view rapid work as a positive sign of progress rather than moving towards centralization.

After this development, Sui Price was subjected to a strong sale pressure after its rejection at $ 4.2. It is currently being traded at $ 3.85, with daily trading volume increased by 45 % to $ 3.4 billion. The price recovery appears to be unlikely so that the team can recover money.

Only last week, SUI surpassed XRP and Ada in institutional flows. Despite these bullish feelings, the distinctive symbol now faces losses, which reflects the broader uncertainty in the market.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Bhushan is enthusiastic about technology and carries a good tendency to understand the financial markets. His interest in the economy and financing draws his attention towards emerging technology markets and emerging technology. He is in a continuous educational process and keeps himself excited to share his acquired knowledge. In spare time he reads fictional excitement novels and sometimes explores his cooking skills.

Bhushan Akolkar on X

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