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Cetus Hack Update: $160M in Stolen Funds Transferred to Multi-Sig Wallet

source-logo  coingape.com 31 May 2025 11:29, UTC

In a significant development in the recent Cetus hack, the Sui liquidity provider has successfully transferred about $160 million in stolen funds to a multisig trust wallet, following approval from an on-chain vote. The funds were moved to a secure wallet jointly managed by Cetus, the Sui Foundation, and OtterSec, marking a crucial step in the recovery process.

coingape.com