$220,000,000+ ($220+ millions) has been hacked on the SUI largest LP DEX. Cetus trying to reached out hackers to negotiate the return of customer funds...๐Ÿ˜ค $CETUS $SUI

Cetus Protocol Official responses: ๐ŸŽƒ๐Ÿ‘‡

1. We engaged the broader ecosystem, Sui team, and related third parties for incident analysis and fund tracing, and flagged the hacker's accounts.

2. We identified the root cause of the exploit and fixed the related package, and informed ecosystem builders as fast as we could with help from ecosystem members to prevent other teams being affected.

3. We engaged professional anti-cybercrime organizations to support our fund tracing and our negotiation regarding safe return of the funds.

4. We are speaking with law enforcement and are in the process of arranging further assistance.

We have identified the Ethereum wallet address controlled by the hacker responsible for earlier today's exploit, and reached out to negotiate the return of customer funds. We have offered a time-sensitive whitehat settlement in exchange for the outstanding balance. Should the hacker accept our terms, we would also refrain from pursuing further legal action.

My conclusion for this incident, crypto investors have to beware of new blockchain ecosystem and invest cautiously. Otherwise, better to invest in safer ecosystem like BNBChain, Polkadot, Ethereum, MultiversX, etc.



#CetusProtocolBug #Cetus #SUI๐Ÿ”ฅ #suihacked