Crypto Chaos: Cetus Protocol’s $223M Heist and the Wild Goose Chase for Stolen Funds!
Cetus Protocol, a decentralized crypto exchange, had $223 million swiped by cyber crooks. In a move reminiscent of a bizarre game show, they offered the hacker a deal: return the loot and avoid legal drama. While $162 million is on ice, the hunt for the rest continues with a $5M bounty.
Hot Take:
Looks like Cetus Protocol had its own version of Ocean’s Eleven, but with a digital twist! A heist worthy of a Hollywood blockbuster, complete with hackers, vulnerable codes, and a potential redemption arc. Maybe next time, they’ll hire George Clooney to guard their crypto vaults!
Key Points:
- Cybercriminals made off with a whopping $223 million from Cetus Protocol.
- Cetus has managed to pause $162 million while working to recover the remaining funds.
- The hack involved vulnerabilities in smart contracts and price manipulation.
- The hacker’s Ethereum wallet has been identified, and efforts are underway to trace and freeze the funds.
- Cetus is offering a $5 million bounty and a legal amnesty deal for the return of the stolen loot.
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