Cetus Proposes $5M Bounty Following Major Sui Hack

A significant security breach impacting the Cetus Protocol, a major decentralized exchange operating on the Sui network, has resulted in losses exceeding $223 million. Cetus announced a $5 million bounty for information leading to the hacker’s identification and arrest, with support from the Sui Foundation. This initiative aims to address the impact of this incident and mitigate potential harm caused by the hack.