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.
Needle-indigenous decentralized exchange (dex) Cetus exploitation was more than $ 220 million Worth Cryptocurrency on 22 May. However, the seat $ 162 million managed to freeze Shortly thereafter, stolen funds.
CETUS has since offered a white cap of up to 6 million to the exploiter to return the stolen 20,920 ether.ET), With the price of more than $ 55 million as well as the rest of the stealing funds, the needles are currently frozen on the needle 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 cap bounty Ethical hackers are introduced who seek protocols weaknesses to prevent future feats.
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Cryptocurrency hack increased The 15 events in April increased by $ 90 million, 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 saw the bibit exchange Reduction of more than $ 1.4 billion On February 21, 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
magazine: Arthur Hayes $ 1m
