$160M of $220M+ stolen SUI funds from Cetus DEX hack are frozen, set for return.
Initial Cetus hack drained its liquidity pool, causing a ~40% CETUS token price drop before this recovery.
CPO confirmed the SUI fund recovery; HIPPO project had offered Cetus support post-attack.
In a significant and rapidly developing situation, $160 million of over $220 million in stolen SUI-related funds have reportedly been frozen and are slated to be returned to Cetus pools.
This major breakthrough, announced by a Chief Product Officer (CPO) familiar with the matter, comes swiftly after a hacker attacked CETUS, a top SUI ecosystem decentralized exchange (DEX), draining its liquidity pool and causing the CETUS token’s price to initially nosedive.
The initial attack saw the hacker withdraw the CETUS liquidity pool (LP), leading to an immediate and sharp 40% plunge in the crypto asset’s value. According to data from TradingView, CETUS, which surged about 16% on Thursday morning by rallying from a $0.21928 opening price to a $0.24563 daily high, quickly reversed course. Following the attack, the cryptocurrency was trading around $0.17174, with full details of the hack s…
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