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Cetus transfers the hacker-related frozen funds to a Multi-signature Wallet, and the recovery process enters a new phase.
ChainCatcher news, the SUI-based DEX Cetus, which suffered a $223 million hacker attack, announced through platform X that it has securely transferred the frozen funds related to the hacker attack to a multisignature trust Wallet managed by CETUS, SUI, and OtterSec. These funds will be held in the Wallet until they are returned to users. In this regard, the CETUS side explained: “We have entered the next phase of recovering the funds lost to the Hacker by ensuring the safety of the funds. We are working day and night to fulfill the roadmap promised to the community, such as contract upgrades, liquidity restoration, and preparations for the relaunch.” According to previous reports, the Sui community recently approved an on-chain proposal that will release approximately $162 million that was seized during the Cetus vulnerability last week, allowing the DEX to reimburse users and restore full operations.