Cetus offers a $ 6M bounty after a $ 220M hack while the SUI decentralization debate faces
The Cetus offers a $ 6 million white hat bounty in an effort to recover $ 220 million in stolen digital assets, while emergency responses from the SUI network have raised concerns about decentralization.
Sui-native decentralized exchange (dex) Cetus took advantage of more than $ 220 million cost of cryptocurrency on May 22. However, Cetus Managed to Flreeze $ 162 million of stolen funds shortly after.
Cetus has since offered a white hat with up to $ 6 million for exploitation for the return of stolen 20,920 ether (Eth), costs more than $ 55 million, with the remaining stolen funds currently frozen on the Sui Blockchain.
“In return, you can maintain 2,324 ETH ($ 6m) as a huge amount, and we will consider the matter closed and will not pursue any further legal, intelligence, or public action,” Cetus wrote in a message that was embedded in a blockchain Transaction on May 22th.
However, the cetus “rises to entire legal and intelligence resources” if these properties are off-ramp or sent to cryptocurrency mixers and do not return immediately.
A White Hat Bounty are offered to ethical hackers seeking protocol weaknesses to prevent future exploits.
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Cryptocurrency hacks rise With $ 90 million in the entire 15 incidents in April, an increase of 124% since March when hackers steal $ 41 million worth of digital assets.
Meanwhile, the industry is still recovering from the largest crypto hack, which has seen the exchange of bybit Lose more than $ 1.4 billion In Feb. 21, 2025.
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SUI considers emergency white listing to override transactions
Meanwhile, GitHub activity Shut up The SUI team considers the implementation of an emergency whitelist function that will allow some transactions to miss security checks, which potentially recover funds linked to hack.
“It appears that the SUI team asked each validator to deploy a patched code so they could remove $ 160 million of @CetusProtocol Hacker of $ 160 million through an unspecified TX,” said Chaofan Shou, a software engineer in Solayer Labs.
However, an unnamed SUI engineer Shou said that “validators will hold its deployment and are currently only denying the TX that involves hacker objects,” he said on a May 22 x Post.
The move has led to criticism of decentralization advocates, arguing that the ability to override transactions conflicts with the principles of a decentralized consent permission.
Despite the widespread criticism of the crypto community, some have seen rapid response as a sign of development, non -centralization.
“This is the look of the true decentralization of the world. Not only powerless, but responsive and aligned with the community,” Says Pseudonymous crypto Sleuth Matteo, added that decentralization “is not about standing up while people are hurting, about the power to act together, without the need for permission.”
https://www.youtube.com/watch?v=4Maiaoxtawi
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