Cetus Protocol has offered a $6 million bounty to the hacker responsible for the $223 million exploit by using fake tokens to manipulate smart contracts.
Sui decentralized protocol urged the attacker to return stolen funds for the reward, aiming to resolve the issue without involving authorities.
The hack led to sharp price drops in various tokens within the Sui ecosystem, with SUI, Lofi, Sudeng, Squirtle, and Cetus coin values decreasing significantly.
The hackers exploited weaknesses in smart contracts, causing panic and massive losses, prompting collaboration with authorities like FinCEN and the U.S. Department of Defense.