According to CoinWorld news, Cetus, a SUI-based DEX that suffered a $220 million hacker attack, announced through platform X that it has safely transferred the frozen funds related to the hacker attack to a multi-signature trust wallet jointly managed by CETUS, SUI, and OtterSec. These funds will be held in the wallet until returned to users.

In response, Cetus explained: 'We have entered the next phase of recovering the funds lost to hackers by ensuring the safety of the funds. We are working day and night to fulfill the roadmap promised to the community, such as contract upgrades, liquidity recovery, and preparations for relaunch.'

Previously reported, the Sui community recently approved an on-chain proposal that will release approximately $162 million that was seized during the Cetus vulnerability last week, allowing the DEX to repay users and restore full operations.