CETUS is offering a white cap bounty of $ 6 million in an attempt to recover $ 220 million in stolen digital assets, while emergency reactions from the SUI network have raised concerns about decentralization.
The needle-origin decentralized exchange (DEX) Cetus was exploited for more than $ 220 million cryptocurrency on 22 May. However, shortly after Cetus, he managed to freeze $ 162 million of stolen funds.
Cetus has since offered a white cap of up to $ 6 million for the exploiter to return the stolen 20,920 ether (Eth), which costs more than $ 55 million, as well as currently stolen funds on the SUI blockchain.
Cetus wrote in a message embedded in a blockchain, “In turn, you can keep 2,324 eth ($ 6m) as a reward, and we will consider shutting down the matter and will not pursue any legal, intelligence or public action.” Exchange On 22 May.
However, the cetus “will grow with full legal and intelligence resources” if these assets are off-ramps or sent to the cryptocurrency mixer and not immediately returned.
A white hat bounty is offered to moral hackers who seek protocol weaknesses to prevent future feats.
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Cryptocurrency hack in 15 events increased by $ 90 million in April, growing 124% from March when hackers stole a digital property worth $ 41 million.
Meanwhile, the industry is still recovering from the largest crypto hack, which was seen that the Baibit Exchange is more than $ 1.4 billion on 21 February 2025.
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Sui considers emergency white list function to override transactions
Meanwhile, github activity Show The SUI team has considering implementing an emergency whitewash function that will allow some transactions to bypass safety checks, possibly to recover funds associated with hack.
“It appears that the SUI team asked each verification to deploy the patch code so that they could remove $ 160 million of @Cetusprotocol hacker through an unclaimed TX.”
However, an anonymous SUI engineer told Shou that “the verifications have deployed it and are currently denying only the TX that includes hacker objects,” he said on 22 May. Post,
The move has criticized the decentralization advocates, who argue that the ability to override the transaction refutes the principles of a decentralized permissionless network.
Despite widespread criticism in the Crypto community, some saw the rapid response as a sign of progress, not as centralization.
“This is what the real world looks like decentralization. Not only powerless, but also with responsible and community,” Said Pseudonomous Crypto Sleith Matio, adding that decentralization “is not about injury, while people get hurt, it is about the power to work simultaneously without the need for permission.”
https://www.youtube.com/watch?v=4MAIXTAWI
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