Cetus Offers $5 Million Reward to Identify Hacker – Coincu
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$5 million reward Collaboration with Sui Foundation Public engagement encouraged Focus on cybersecurity Cetus has announced a $5 million reward in collaboration with Sui Foundation for information leading to the identification of a recent cryptocurrency hacker. This reward highlights the serious security measures being employed by Cetus and Sui Foundation, aiming to ensure robust responses to cyber threats. $5 Million Bounty: Cetus and Sui’s Search for Hacker Cetus and Sui Foundation, in a cooperative effort, have announced a $5 million reward for information that results in the hacker’s identification. The move is designed to incentivize public engagement in resolving this issue quickly. The lack of communication from the hacker prompts the call for public assistance and serves as a reminder of the need for robust security in cryptocurrency. Community responses have been mixed, with some stakeholders urging caution and others praising the transparency and proactive approach by the involved parties. Market Impact and Future Implications Did you know? Cryptocurrency bounties have been used effectively in the past to resolve hacking situations, often leading to the successful retrieval of funds and hacker identification. Bitcoin’s current price is $107,047.80 with a market cap of 2.13 trillion, according to CoinMarketCap. Bitcoin dominance stands at 63.26%, and the price has shifted by -2.02% in 24 hours. Trading volumes decreased by 30.30%, highlighting volatile market conditions. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 11:22 UTC on May 25, 2025. Source: CoinMarketCap The Coincu research team suggests that this case could prompt stricter regulatory oversight. Industry experts emphasize the importance of enhanced cybersecurity measures to prevent future breaches, which could lead to innovative technological solutions. Source: https://coincu.com/339604-cetus-5-million-reward-hacker/
Filed under: News - @ May 25, 2025 11:27 am