Crypto Caper: Cetus Protocol’s $223M Heist and the $5M Bounty Showdown
The Cetus Protocol, a decentralized exchange, was hit by a $223 million crypto heist. They’re offering hackers a “time-sensitive whitehat settlement” to drop legal action if the funds are returned. A $5 million bounty is also on the table for info leading to the hacker’s arrest. Cetus Protocol is calling all amateur detectives!
Hot Take:
When life gives you lemons, make a lemonade stand and offer a $5 million reward! Cetus Protocol turns a $223 million heist into a game of “Catch Me If You Can,” with a whitehat offer to the hacker. It’s like offering a burglar a cup of tea and a nice chat if they just return the silverware. But hey, at least it’s a polite way to deal with a cyber heist!
Key Points:
- Cetus Protocol, a decentralized exchange, was hacked for $223 million.
- The platform paused $162 million of the stolen funds and is tracking the hacker’s wallet.
- A $5 million bounty has been announced for information leading to the hacker’s capture.
- The hacker exploited a vulnerable package, though specifics remain undisclosed.
- Elliptic is monitoring the hacker’s fund movements and exchanges are on high alert.
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