Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (2,461)
  • Analysis (2,617)
  • Bitcoin (3,220)
  • Blockchain (1,972)
  • DeFi (2,357)
  • Ethereum (2,266)
  • Event (92)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (2,410)
  • Press Releases (10)
  • Reddit (1,886)
  • Regulation (2,252)
  • Security (3,095)
  • Thought Leadership (3)
  • Videos (43)
Hand picked
  • Bitcoin liquidations hit $148M as price spikes to $90K before retreating
  • Maker Fee Program Update: Optimizing Liquidity Incentives
  • TRON integrates with Kalshi to expand prediction markets
  • Analyst Explains Bitcoin Price Path to $70,000: Why This Level Might Be Inevitable
  • AIXEBIT Exchange Updates User Identity Verification and Access Control Standards
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Ethereum»Cetus publishes $ 5 million Bounty for the identification of hacker in the middle of the concerns of centralization on suis freeze
Ethereum

Cetus publishes $ 5 million Bounty for the identification of hacker in the middle of the concerns of centralization on suis freeze

May 23, 2025No Comments
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Bug bounty.jpg
Share
Facebook Twitter LinkedIn Pinterest Email



The Cetus protocol published a Reward of $ 5 million on May 23 for information that identifies and leads to the arrest of the attacker who Extract $ 223 million from its decentralized exchange on the Suis network.

Announced on May 23, the offer is coordinated with the Cybersecurity Company Incstructed Digital and will be funded by the Foundation Su if the tip is decisive.

Informators must send an email to the name, to the location of the attacker and to proof of support with the subject “Cetus Lead”. The DEX added that it would remove any civil action and cancel the premium if the operator returns the assets and would accept the previous settlement proposal.

In particular, the offer comes in the midst of centralization concerns concerning Suit after the freeze of $ 162 million by many of its 114 validators.

Whitehat offers the way

A few hours before the public premium, Cetus used a chain transaction to deliver a separate proposal to the attacker On the Blockchains Suis and Ethereum (ETH).

This note offered retention fees of $ 6 million, equivalent to 2,324 ETH, in exchange for the yield of 20,920 ETH and all the frozen sur Su suis.

The team said that it had mapped Ethereum portfolios to operate it and coordinate with the American federal authorities, the Fincen, the Seychelles police forces, the defense sector partners, the major exchanges and the bridges.

The ultimatum warned that any attempt to laundering funds would trigger global climbing of the law forces.

According to the disclosure of May 22 of the Protocol on X, the attacker targeted a flaw in the pricing mechanism of Cetus, causing an immediate break from all intelligent contract activities. The project blockchain data show that the feat brought in $ 223 million in chips.

From this sum, $ 61 million was transferred to Ethereum via bridges, while the remaining $ 162 million was fixed by validators of the SU network.

Cetus has not revealed when normal trading will resume or if the team will implement code changes before reactivating contracts.

Validator’s action stimulates the decentralization debate

According to his block explorer,, Suis welcomes 114 active validators. May 22, sui declared That a large plurality has agreed to reject any transaction from the striker’s wallets shortly after the violation.

The collective frost prevented the remaining transfer of $ 162 million and locked the chain tokens.

GAUTHAM SANTHOSH, co-founder of Polynomialfi, Written on x that the cryptographic community now weighs the benefit of rapid protection of assets against the involvement that validators can suspend specific accounts at will.

Although he pointed out that the process required consensus and was not arbitrary, the episode changed the safety hypotheses concerning the blockchains of layer 1.

Mentioned in this article
Last Alpha Market report



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBitcoin miners halt sales as BTC gains 20% since hash ribbon ‘buy’ signal
Next Article Large banks strike the agreement to move to Solana Blockchain

Related Posts

Ethereum

Ethereum Foundation refocuses on security rather than speed

December 20, 2025
Ethereum

Ethereum Exchange Outflows Amount to $978 Million: Sign of Buying the Dip?

December 20, 2025
Ethereum

Ethereum Exchange Supply Just Crashed to New Lows, Why It’s Bullish for the Price

December 20, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Riyadh to Host Global AI Show 2026: Where Minds and Machines Meet

December 19, 2025

Riyadh is set to become the global stage for modern artificial intelligence with the upcoming Global…

Event

Powering the Future of Play: Riyadh Welcomes the Global Games Show 2026

December 18, 2025

Riyadh is ready to host gamers and developers from all over the world with Global…

1 2 3 … 68 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

TRON integrates with Kalshi to expand prediction markets

December 21, 2025

THETA Price Hits 2020 Low as Company and CEO Accused of Fraud?

December 21, 2025

Uniswap rebounds 11% after 3 developments – can UNI push higher?

December 21, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 88,336.00
ethereum
Ethereum (ETH) $ 2,982.03
tether
Tether (USDT) $ 0.999774
bnb
BNB (BNB) $ 852.47
xrp
XRP (XRP) $ 1.91
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.28695
staked-ether
Lido Staked Ether (STETH) $ 2,982.93
dogecoin
Dogecoin (DOGE) $ 0.12996
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.02