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. Cetus Hack Fund Recovery Plan Advances, Enters Next Phase Earlier today, Sui blockchain’s liquidity protocol Cetus shared an X post, drawing the community’s attention to the progress in the Cetus hack fund recovery. Reportedly, the protocol, in collaboration with the Sui Foundation and OtterSec, has moved the isolated funds on the Sui network to a secured wallet. Cetus has now entered the next phase of recovery, following the successful transfer of funds. The platform stated, With the funds secured, Cetus has officially entered the next phase of the recovery process. Our team… Read More at Coingape.com
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