The Sui blockchain community has approved the release and transfer of approximately $162 million in tokens that were frozen following a hack involving the Cetus protocol. After an on-chain vote, these frozen funds, linked to a hacker attack, were moved to a multisignature trust wallet jointly managed by Cetus, the Sui Foundation, and cybersecurity firm OtterSec. The funds will remain secured in this wallet until they can be reimbursed to affected users. This action represents a substantial recovery effort, as Cetus and Sui have collectively frozen about $157 million of stolen assets, accounting for roughly 71% recovery from a total theft of $220 million reported in May 2025. The move comes amid a broader context of approximately 20 major crypto hacks in May 2025, which resulted in total losses of $244.1 million, marking a 39.29% decrease compared to April.
#PeckShieldAlert In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M—a 39.29% decrease from April. Notably, @CetusProtocol & #SUI have frozen a combined $157M of stolen funds (representing 71% recovery from the $220M theft). #Top 5 Hacks in https://t.co/ZJmGZvbthS
[𝕏] Cetus Confirms $160M in Frozen Hacker-Linked Funds Transferred to Multi-Sig Wallet Managed by CETUS, SUI, and OtterSec Pending User Reimbursement
CETUS MOVES QUARANTINED SUI FUNDS TO MULTISIG TRUST WALLET Cetus has confirmed that the quarantined assets on the Sui network have been transferred to a multisig trust wallet managed by the Sui Foundation and OtterSec. The relocation secures approximately $162 million in frozen https://t.co/yWw9tZ0yuL