Cetus Dangles $5M Bounty for Tips on $223M Hack Mastermind

Holy moly, the Sui-based decentralized exchange Cetus is pulling out all the stops! They're offering a whopping $5 million reward for any juicy info that leads to the capture of the cyber crook who swiped a staggering $223 million on May 22, 2025.

Just a day after the mega heist, the Cetus crew dropped an update saying they haven't heard a peep from the slippery hacker who pulled off the exploit.

In a desperate bid to get their loot back, Cetus initially threw a white hat deal at the mystery thief. But as the crypto world reeled from the theft, Sui tokens crashed harder than a lead balloon.

With the hacker ghosting them, Cetus is now turning to the public for help, promising a cool $5 mil to anyone who can finger the perp.

"We've got nothing from the hacker. We're begging them to take our offer seriously," Cetus pleaded in a post on X. "But we're not just sitting on our hands. With help from Inca Digital and cash from the Sui Foundation, we're putting up a $5M bounty for any info that helps us nail the hacker."

The Cetus security squad wants the 411 on the hacker's name, location, and proof - and they're asking folks to spill the beans via email. But here's the kicker: if the hacker comes clean and coughs up the stolen cash, Cetus will call off the dogs and drop the bounty hunt.

"If the hacker plays ball and takes our deal, we'll forget all about legal action and the $5M reward," they promised.

Get this - the Sui Foundation gets to decide if and when the bounty gets paid out.

As the hack went down last Thursday, the Cetus team sprang into action faster than a cat on a hot tin roof. They managed to freeze a hefty $162 million of the stolen funds before the attacker could make off with the whole shebang. In their nail-biting offer to the hacker, Cetus demanded the return of over 20,920 Ethereum (ETH) and all the frozen Sui funds.