Cetus Hit by Exploit—$220M Gone, $6M Bounty on the Table - adtechsolutions

Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Cetus Hit by Exploit—$220M Gone, $6M Bounty on the Table


Saiddecentralized exchange (Dex) built on sui

Sui

$ 3,70



Blockchain, is A great security question research that may have led to more than $ 200 million in a cryptocurrency.

In a 22. May Post on xExtractor, a tracking tool created by the Cibernetic Security Company Hacken, reported that About $ 63 million has already been moved to Ethereum and 20,000 eth

Eth

2.564,20 USD



went to a new wallet in one transaction
.

After the incident, many tokens saw a drop in Cetus price. Some, like Lombard, put BTC (LBTC) and Axolcoin (Axol), lost almost all their value. The largest fifteen losses were above 75%.

What is blockchain? (Animated examples + explanation)

Did you know?

Want to be smarter and richer with cryptocurrencies?

Subscribe – every week we are posting new videos of Crypto explanator!

There is an exchange outdated His smart contract to stop further activity and stated that it would update it when the services continued.

One wallet connected to the incident currently amounts to almost $ 52 million in Sui, about $ 4.9 million in Haedal Staked Sui (Hasui), $ 19.5 million tokens (toilet), a similar amount in USDT wrapped

USDT

0,9976 USD



and several other assets.

Cetus reported to Update on x that $ 162 million of over $ 220 million was frozen. Exchange for s Sui Foundation and other network groups to return the others.

Sui Foundation confirmed That many validators currently block transactions from wallets connected to stolen funds.

In addition, Cetus offer an attacker a reward of $ 6 million and will reject all legal or public actions If the stolen assets return, including the 20,920 ETH (worth more than $ 55 million).

However, the offer comes with a warning – if the funds are moved to mixers or withdraws through exchange, Cetus will use legal and intelligence resources to start the case. In a separate post on x, cetus specified“We encourage the hacker to honestly consider our offer conditions.”

May 15, Coinbase was targeted in an attempt to extortion of $ 20 million after the attackers brought in foreign auxiliary staff. How did the exchange respond to the incident? Read the whole story.

After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *