#Cetus Hack Update: $160M in Stolen Funds Transferred to Multi-Sig Wallet

The Cetus protocol has moved $160 million in stolen funds to a multisig trust wallet, after receiving community support.

Highlights

The Cetus protocol reaches the next phase of the fund recovery plans.

The platform sent $160 million in stolen funds to a multisig trust wallet,

The move follows the community's overwhelming support for the plan.

In a significant development in the recent Cetus hack, the Sui liquidity provider has successfully transferred about $160 million in stolen funds to a multisig trust wallet, following approval from an on-chain vote. The funds were moved to a secure wallet jointly managed by Cetus, the Sui Foundation, and OtterSec, marking a crucial step in the recovery process.