Cetus: Has Negotiated with Hacker to Pay White Hat Bounty to Return Stolen Funds

BlockBeats News, May 23rd, Cetus officially announced the latest progress of its recent hack on social media, stating that the team has been collaborating with the broader ecosystem, the Sui team, and relevant third parties for event analysis and fund tracking, and has identified the hacker's account. The root cause of the vulnerability was found and related packages were fixed. With the help of ecosystem members, they promptly notified ecosystem builders to prevent other teams from being affected. Professional anti-cybercrime organizations have been hired to support fund tracking and negotiation for the return of funds security. Currently in discussions with law enforcement and arranging further assistance.

It is worth noting that the official announcement stated that they have confirmed the Ethereum wallet address controlled by the hacker in today's earlier attack and have been in negotiations with them regarding the return of customer funds. A proposal has been made to pay the outstanding balance in the name of a white-hat hacker, but time is limited. If the hacker accepts the terms, no further legal action will be taken.