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Sui’s Cetus Protocol Offers $6M Bounty To Hackers After $223M Attack

  • 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.

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