Cetus, the main exchange of the Sui Network, suffered a robbery for 260 million dollars (USD).
After the hacking, Cetus’s native token fell 40% in a matter of hours.
After the millionaire robbery of the decentralized exchange, Cetus, the team managed to identify the direction of the wallet controlled by the hacker. From this finding they tried to contact the involved directly to negotiate the return of the stolen funds, offering even an agreement in which they promised not to take legal actions in exchange for the reimbursement. However, not receiving an answer, the team decided to offer a reward of 5 million dollars for any information that leads to the capture of those responsible.
In a release Published in the Social Network X, the firm expressed that The relevant clues, such as specific names, locations or tests, must be sent to the email info@inca.digital, with the subject “Cetus Lead” (Track, data or useful information, in English). The reward, financed by the SUI Foundation, will be delivered only in case of effective results.
However, the company reiterated that, If the hacker responds and decides to cooperate, they will not only refrain from taking additional legal actions, but the reward will remain in force. According to Cetus’s team, They have already warned To other ecosystem actors to prevent more protocols from being compromised. They have hired cybercrime specialists, in addition to notifying the authorities to advance with the investigation.
The hacker managed to steal around 260 million dollarscausing a 40% drop in the price of Token Cetus. Some ecosystem assets, such as the MEMECOINS Bulla and Mojo, registered losses greater than 90% in their value. The one involved took advantage of counterfeit tokens to exploit weaknesses in the price curves and in the management of liquidity reserves, which allowed him to change those tokens altered by legitimate assets. This was reported by cryptootics.
At the time of writing this note, the token cetus has a value of USD 0.135, according to data of coinmarketcap. On May 22, prior to hacking, its price was USD 0.255 per unit, according to data from the same source.
Fund tracking
In another reportCetus representatives commented that The stolen funds are divided into two groups: A part remains within the Sui Network, where the assets have been frozen due to the intervention of the validators, who collaborate to avoid any unauthorized movement. The other part was already transferred outside the ecosystem, mainly Ethereum in the form of Ether (ETH).
To recover frozen assets on the sui network, CETUS is considering the following alternatives: Make a community vote that allows you to start a recovery on-chain processnegotiate directly with the hacker or, if this is identified, take legal actions. Meanwhile, funds located outside the ecosystem are constantly monitored, in collaboration with specialized third parties to find effective solutions.
In response to the demand for greater transparency, from the DEX they clarified that they have not yet published a detailed official report because they are coordinating with the Sui Foundation and other key actors to define a clear plan for the recovery of the funds. Prefer to avoid premature ads that can generate confusion or false expectations.
The case of Cetus is not the only one that has impacted the community in recent days. Coinbase, one of the largest exchanges in the world, also recently faced a scandal after revealing that several employees would have been bribed to deliver user personal data, such as addresses, telephones, emails and even official documents, cybercriminals. With this information in your possession, The attackers demanded 20 million dollars not to disseminate it. Given the company’s refusal to pay, Coinbase offered the same sum as a reward for information that allows those responsible.
