Sui validators freeze majority of stolen funds in $220M Cetus hack
Summary
Cetus, a decentralized crypto exchange on the Sui blockchain, reported that $162 million of the $223 million stolen in a May 22 hack has been frozen. The exchange is collaborating with the Sui Foundation and other entities to recover the remaining funds. Validators have identified the addresses with stolen funds and are ignoring transactions from them. The hack involved a smart contract code exploit, with $63 million bridged to Ethereum and 20,000 ETH laundered through a specific wallet. The incident highlights ongoing cybersecurity challenges in crypto, prompting calls for stronger defenses to avoid regulatory scrutiny.
