Sui Foundation Offers $5 Million Bounty for Cetus Protocol Hacker

The Sui Foundation has launched a $5 million bounty to identify the hacker responsible for the massive $223 million theft from the Cetus Protocol. The initiative follows a previous unsuccessful attempt at amnesties and is part of their efforts to recover funds following this high-profile breach. Expert opinions are mixed, with some arguing that the reward structure could incentivize more productive investigation while others believe the approach may not be effective in addressing broader security concerns within the blockchain network.