Sui Foundation Offers $5 Million Bounty for Cetus Hacker Information

The Sui Foundation has announced a $5 million bounty for information leading to the capture of the hacker responsible for a recent attack on the Cetus platform. This offer aims to encourage cooperation from the individual, potentially preventing legal consequences. The Foundation emphasizes that it will only pay out the reward if the hacker cooperates with the investigation. Despite this incentive, Cetus has confirmed no contact from the hacker. However, the community is divided on whether the bounty strategy is effective in addressing cyber threats. Security experts are calling for robust security measures to prevent future attacks. This substantial reward highlights a trend of incentivizing cybersecurity efforts within the crypto industry, aiming to bolster confidence and potentially influence regulatory frameworks.