Cetus Blockchain Proposes On-Chain Vote and $5M Bounty After $223M Cetus DeFi Hack

4h ago•

bullish:

bearish:

Sui to Vote on Upgrade as Cetus Sets $5M Hacker Bounty

Sui froze $162M in stolen assets after the $223M Cetus DeFi hack on May 22, 2025.
Cetus offers a $5M bounty for tips leading to the hacker’s identification and global arrest.
Cetus’ proposed on-chain vote could return frozen funds to users, pending community approval.

The Sui blockchain and its decentralized exchange, Cetus, are working together to address the aftermath of a $223 million hack that occurred on May 22, 2025. After the attack, security teams froze $162 million of the compromised assets while $60 million in digital funds were moved to Ethereum.

In a direct appeal, Sui and Cetus have asked the community to approve a protocol upgrade to unfreeze the remaining funds and restore them to user accounts. Cetus’ development team explained that only a community-wide, on-chain vote can authorize this protocol upgrade.

Validators and SUI stakers are encouraged to participate in the decision, ensuring transparent governance. According to the Cetus Protocol, no party can impose a unilateral fix, highlighting the importance of decentralized oversight in crisis recovery.