According to ChainCatcher, the SUI-based DEX Cetus, which suffered a $223 million hack, announced that it has transferred the frozen funds related to the attack to a multi-signature trust wallet managed jointly by CETUS, SUI, and OtterSec. The funds will be held in trust until they are returned to users.
Cetus has stated that it has entered the next phase of recovering funds lost to hackers, working to ensure the safety of the funds and fulfill the roadmap promised to the community, including contract upgrades, liquidity recovery, and preparations for resuming operations.
Previously, the Sui community approved a proposal to release approximately $162 million to enable the DEX to repay users and resume operations.
