Blockchain News

Cetus Secures $220M: Crucial Step in Sui DEX Recovery

Great news for the Sui community and users of the Cetus decentralized exchange (DEX)! After a challenging period following a significant hacking incident, Cetus has announced a major breakthrough in its recovery efforts. The substantial sum of $220 million in frozen funds, previously impacted by the exploit, has now been successfully transferred to a secure […]

Blockchain News

Decisive Sui Community On-Chain Vote Approves Cetus Fund Recovery

The Sui ecosystem recently witnessed a crucial moment of decentralized decision-making. The Sui community has cast a definitive vote regarding the recovery of funds affected by a recent incident involving the Cetus protocol. This move highlights the power and responsibility inherent in Sui governance, demonstrating how a decentralized network can respond to challenges like security […]

Blockchain News

Crucial: Sui Conditionally Backs Cetus Community Vote to Return Frozen Funds

In the ever-evolving world of decentralized finance (DeFi), events like hacks can shake user confidence. Recently, the Sui blockchain saw one such incident involving the Cetus decentralized exchange. However, there’s a significant development offering a path forward for affected users: Sui has expressed conditional support for a community vote proposed by Cetus to address the […]

Blockchain News

SUI Funds: Hope Rises as $160M Stolen Crypto Frozen

The world of cryptocurrency can be a wild ride, filled with innovation but also significant risks, including theft. When news broke of a substantial amount of **stolen crypto** impacting the Sui ecosystem, many users and investors were understandably concerned. However, a recent development brings a significant wave of relief and demonstrates the potential for **crypto […]

Blockchain News

Sui Blockchain Acts Swiftly After $223M Cetus Hack

The cryptocurrency world was recently shaken by a significant incident: the $223 million hack targeting Cetus Protocol, a prominent decentralized exchange operating on the Sui network. This event underscored the ever-present challenges in blockchain security. In a swift response, the Sui blockchain team has rolled out a new feature aimed at navigating the aftermath. Sui […]

Ethereum News

Cetus Exploit: Massive $61M Crypto Fund Conversion to ETH Unveiled by On-Chain Data

In a significant development following a major security incident, a wallet reportedly connected to the **Cetus exploit** has executed a massive conversion of stolen assets. This **crypto exploit** saw millions in various digital currencies moved, and now, the trail continues with a large portion being swapped into Ethereum (ETH). What Did the On-Chain Data Reveal? […]