Cetus Doubles Bounty to $5 Million After Sui DEX Hack

The Cetus Protocol has doubled its bounty for information leading to the identification of the hacker responsible for a recent theft from their Sui-based decentralized exchange (DEX). This incident resulted in a loss of $223 million and follows an initial offer of $6 million. The updated offering now incentivizes individuals to report details about the perpetrator. The move underscores ongoing discussions within the DeFi community regarding control, governance, and potential vulnerabilities exposed by the breach.