From Cointelegraph

May 22, 2025 3:32:00 PM:

Decentralized crypto exchange Cetus reports that $162 million of stolen funds from a hack on May 22 has been frozen, with efforts underway to recover the remaining $58 million. The hack, part of a series affecting the crypto industry, highlights ongoing cybersecurity challenges and the need for stronger defenses. Source: Cetus

In the aftermath of the Cetus DEX hack, $63 million of stolen funds were moved to the Ethereum network, with hackers laundering 20,000 ETH valued at $53 million. Recovery efforts by various entities in the Sui ecosystem have sparked debate on network decentralization and censorship resistance. Source: Etherscan

Community reactions to the asset freeze and recovery efforts for stolen funds have been mixed, with concerns raised about the implications for network decentralization. The incident underscores the ongoing need for improved cybersecurity measures within the crypto industry. Source: Cointelegraph Magazine

Read more at Cointelegraph: Sui validators freeze majority of stolen funds in $220M Cetus hack