Cetus Posts $5M Bounty for Hacker's ID Amid Centralization Concerns on Sui Freeze

Crypto Exchange Proposes $5M Bounty Deal Following $223M Breach » News.ng

Following a massive exploit that drained $223 million from its decentralized exchange (DEX), Cetus has extended a $5 million white-hat offer to the unidentified hacker responsible for the attack, which involved the use of counterfeit tokens. The Sui-based platform made the proposal public just a day after the incident, warning that refusal could result in serious legal action. The Cetus team—now working closely with the Sui Foundation and cybers…

Reward Millionaire After Massive Robbery in Cetus! In an amazing turn of events, Cetus, one of the most prominent cryptocurrency platforms, has announced a $6 million reward following the recent $220 million hack. This incident has called into question the security and decentralization of platforms like Sui. As experts analyze the impact of this theft, the cryptographic community is on alert. Get all the details of this exciting case here. Cetus…

Cetus posts $5M bounty for hacker's ID amid centralization concerns on Sui freeze

The post Cetus posts $5M bounty for hacker’s ID amid centralization concerns on Sui freeze appeared on BitcoinEthereumNews.com. Cetus Protocol posted a $5 million reward on May 23 for information that identifies and leads to the arrest of the attacker who extracted $223 million from its decentralized exchange on the Sui network.  Announced on May 23, the offer is coordinated with cybersecurity firm Inca Digital and will be funded by the Sui Foun…

Sui’s Cetus Protocol Offers $6M Bounty To Hackers After $223M Attack

Cetus Protocol has offered a $6 million bounty to the hacker behind the $223 million exploit. The hackers made use of fake tokens to manipulate the platform’s smart contracts. This caused a huge loss across the Sui ecosystem, with different tokens experiencing sharp price drops. Sui decentralized protocol, Cetus, has offered a $6 million bounty to the hacker responsible for the massive $223 million exploit. The team behind the platform is urging…

After the $223 million hack of the Cetus protocol on the Sui blockchain, a major new development took place: a "white hat" offer was sent to the hacker. In exchange for the return of the funds, the latter could retain 2,324 Ethers. The Sui ecosystem, already weakened, tries to limit the damage. The Hack article on Sui: Cetus offers 6 million dollars to the hacker while its cryptos are frozen appeared first on Cryptoast.