Cetus offers $6M bounty after $220M hack as Sui faces decentralization debate

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You’ll Never Guess What Cetus Did After Losing $220 Million! 💰😱

Oh, gather ’round, dear readers, for a tale of digital mischief and daring exploits! Cetus, the cheeky little decentralized exchange, has decided to dangle a shiny carrot of $6 million in front of the very villain who snatched away a whopping $220 million in digital treasure! 🏴‍☠️

On a fateful day, May 22, the dastardly hacker swooped in and made off with a staggering sum of cryptocurrency. But fear not! Our brave Cetus managed to freeze a hefty $162 million of the pilfered loot faster than you can say “blockchain!” 🥳

Now, here’s the kicker: Cetus is offering a white hat bounty of up to $6 million for the return of 20,920 Ether (ETH), which is worth more than a small fortune—over $55 million! “Just return our precious funds, and you can keep 2,324 ETH as a reward,” they proclaimed in a message embedded in a blockchain transaction. How generous! 🎩✨

But beware, dear hacker! If you dare to off-ramp or send those assets to cryptocurrency mixers without returning them promptly, Cetus will unleash their full legal and intelligence might upon you! Yikes! 😬

Now, what’s a white hat bounty, you ask? It’s a delightful offer to ethical hackers who seek out vulnerabilities to prevent future shenanigans. And speaking of shenanigans, cryptocurrency hacks soared to a jaw-dropping $90 million across 15 incidents in April alone! That’s a 124% increase from March! Talk about a busy month for the baddies! 📈

Meanwhile, the crypto world is still reeling from the largest hack of all time, where the Bybit exchange lost over $1.4 billion! Can you imagine? That’s enough to make anyone’s head spin! 🤯

SUI‘s Daring Plan: Emergency Whitelist Function! 🚨

In the midst of this chaos, the clever folks at Sui are considering an emergency whitelist function that would allow certain transactions to bypass security checks. It’s like a VIP pass for transactions! But hold your horses—this has sparked quite the debate among decentralization advocates. 🤔

“The Sui team asked every validator to deploy patched code to snatch back the hacker’s $160 million,” said Chaofan Shou, a software engineer. But alas, the validators held off, only denying transactions involving the hacker’s loot. Oh, the drama! 🎭

Critics are up in arms, claiming that overriding transactions goes against the very principles of a decentralized network. But some see this swift action as a sign of progress! “This is what real-world decentralization looks like!” exclaimed the pseudonymous crypto sleuth Matteo. “It’s about the power to act together, without needing permission!” 💪

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2025-05-23 13:19