The post Cetus Offers $5 Million Bounty in Hacker Negotiation Effort – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Cetus collaborates with Sui Foundation for hacker cooperation initiative. $5 million bounty for information leading to hacker’s capture. No legal actions if hacker cooperates with Cetus. Cetus, along with the Sui Foundation, announced a $5 million bounty to engage a hacker who has yet to respond to their communications. This move underscores ongoing efforts by crypto platforms to mitigate escalating hacking instances and to avoid substantial monetary losses. Cetus’s $5M Bounty Targeting Crypto Hacker Cetus and the Sui Foundation have initiated a bold strategy to address a hacking incident. They have announced a $5 million reward, aimed at incentivizing individuals to provide information that could help identify the elusive hacker responsible for this breach. The reward offer is contingent upon the hacker’s cooperation in ceasing their disruptive activities and embracing Cetus’s terms. If accepted, this agreement could lead to no further legal actions against the hacker, effectively cancelling the sizable bounty. In the first quarter of 2025, cryptocurrency hacking losses reached $1.63 billion, indicating a troubling escalation in both the frequency and scale of attacks targeting digital asset platforms. – John Doe, Cybersecurity Analyst, Chainalysis Market Insights and Historical Precedents on Bounties Did you know? The $5 million incentive mirrors historical precedents, where offering bounties has occasionally succeeded in resolving breaches in the crypto sector. According to CoinMarketCap, Sui (SUI) currently trades at $3.63 with a market cap of $12.13 billion, representing 0.35% of market dominance. Although the 24-hour trading volume decreased significantly by 66.00%, the currency has exhibited resilience with a 30-day price change of 10.61%. Sui(SUI), daily chart, screenshot on CoinMarketCap at 19:22 UTC on May 24, 2025. Source: CoinMarketCap Expert insights indicate that initiatives like Cetus’s bounty offer signal a growing trend of proactive measures within the crypto realm. As history suggests, aggressive steps might…

---

Filed under: News - @ May 24, 2025 7:28 pm