Sui Foundation Offers $5 Million Reward for Cetus Hacker Information

Sui officials have expressed their support for the Cetus Protocol's efforts to recover stolen funds, urging users with relevant information to come forward with clues. The primary focus remains on protecting the community and actively resolving the theft incident.

Previously, Cetus, a liquidity platform within the Sui ecosystem, collaborated with Inca Digital and received funding from the Sui Foundation to offer a $5 million reward. This reward is aimed at gathering information related to the hacker responsible for the theft.

This incident has raised questions about the decentralization of blockchain platforms. The ability of Sui to "freeze" the hacker's address has sparked debate within the community. Some argue that this action contradicts the principles of decentralization, while others see it as a necessary measure to protect users and recover stolen assets.

The Sui Foundation's involvement in offering a substantial reward demonstrates their commitment to addressing security breaches and ensuring the safety of their ecosystem. By encouraging users to provide information, they aim to expedite the recovery process and mitigate further damage.

The Cetus Protocol's collaboration with Inca Digital and the Sui Foundation highlights the importance of community support and cooperation in resolving such incidents. The collective effort to recover stolen funds and protect the community underscores the resilience and unity within the blockchain ecosystem.