Cetus Offers White Hat Bounty to Hacker After Successful Fund Tracking

Cetus, a prominent player in the blockchain ecosystem, has made significant strides in addressing a recent hack that targeted its platform. The company announced that it has been working closely with the broader ecosystem, the Sui team, and relevant third parties to analyze the event and track the stolen funds. Through these collaborative efforts, Cetus has successfully identified the hacker's account and pinpointed the root cause of the vulnerability. The affected packages have been promptly fixed, and ecosystem members have been notified to prevent further incidents.

In a notable development, Cetus has confirmed the Ethereum wallet address controlled by the hacker and has initiated negotiations for the return of the stolen funds. The company has proposed paying the outstanding balance to the hacker under the guise of a white-hat bounty. This approach aims to incentivize the hacker to return the funds without pursuing further legal action, provided the hacker accepts the terms within the given timeframe.

Cetus has also taken proactive measures by hiring professional anti-cybercrime organizations to support fund tracking and negotiations. These organizations are playing a crucial role in facilitating the return of the stolen funds and ensuring the security of the platform. Additionally, Cetus is in discussions with law enforcement agencies to arrange further assistance and strengthen its security measures.

This incident highlights the importance of collaboration and swift action in the face of cyber threats. By working with the broader ecosystem and leveraging the expertise of anti-cybercrime organizations, Cetus has demonstrated its commitment to protecting its users and maintaining the integrity of its platform. The proposed white-hat bounty serves as a strategic move to resolve the issue amicably and minimize the impact on its users.