Following a significant hack that saw the decentralized exchange Cetus lose $220 million worth of cryptocurrency on May 22, the platform has initiated a bounty program offering up to $6 million to incentivize the return of stolen funds. This comes as concerns over the decentralization of the Sui Network rise in response to emergency measures taken by developers seeking to recover the stolen assets. 20,920 Ether (ETH), worth approximately $55 million, remains frozen on the blockchain while Cetus awaits the hackers’ return of the stolen funds. A white hat bounty program rewards ethical hackers who identify protocol vulnerabilities to prevent future exploits. If the funds are not returned in full, Cetus is prepared to pursue legal action. 2023 saw a significant surge in cryptocurrency hacks, with incidents leading to over $90 million stolen across various platforms. Notably, the Sui Network’s emergency white list function has sparked debates about decentralization as developers attempt to override security checks and recover assets involved in the hack, causing controversy among proponents of decentralized governance. While some criticize this approach, others view it as a sign of active, community-driven response, emphasizing that true decentralization involves taking swift action when necessary.