Cetus Transfers Hacker-Related Frozen Funds to Multi-Signature Wallet, Recovery Process Enters New Phase

ChainCatcher reports that Cetus, a SUI-based DEX that suffered a $223 million hack, announced via platform X that the frozen funds related to the hack have been safely transferred to a multi-signature trust wallet jointly managed by CETUS, SUI, and OtterSec. These funds will be held in the wallet until they are returned to users.

In response, Cetus explained: "We have entered the next phase of recovering the hacked funds by ensuring their security. We are working around the clock to fulfill the roadmap promised to the community, such as contract upgrades, liquidity restoration, and preparations for relaunch."

Previously reported, the Sui community recently approved an on-chain proposal to release approximately $162 million seized during the Cetus vulnerability last week, enabling the DEX to repay users and resume full operations.