Cetus: Negotiated with hackers to pay a white hat bounty to refund stolen funds

2025-05-23 00:52

According to BlockBeats, on May 23rd, Cetus officially released the latest update on its theft incident on social media, stating that the team has collaborated with a wider ecosystem, Sui team, and relevant third parties for incident analysis and fund tracking, and has marked the hacker's account. We have identified the root cause of the vulnerability and fixed the relevant software packages. With the help of ecosystem members, we will notify the ecosystem builders as soon as possible to prevent other teams from being affected. We have hired a professional anti cybercrime organization to support our fund tracking and negotiations regarding the secure return of funds. We are currently negotiating with law enforcement agencies and arranging further assistance. It is worth noting that the official statement has confirmed the Ethereum wallet address controlled by the hacker involved in the attack earlier today, and has negotiated with them regarding the return of customer funds. It has been proposed to pay the outstanding balance in the name of the white hat hacker, but time is limited. If the hacker accepts the terms, no further legal action will be taken.

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