Shocking Turn of Events: $160M Stolen Funds Now in Safe Hands!

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In a most remarkable turn of events, dear reader, the recent misadventure known as the Cetus hack has taken a rather unexpected twist. The esteemed Sui liquidity provider, in a display of both audacity and ingenuity, has successfully transferred a staggering sum of approximately $160 million—yes, you read that correctly!—in stolen funds to a multisig trust wallet, all following the approval of an on-chain vote. One might say, “What a splendid way to recover from a most unfortunate incident!” 😏

These funds have been relocated to a secure wallet, which is, I daresay, jointly managed by the illustrious Cetus, the venerable Sui Foundation, and the ever-watchful OtterSec. This marks a crucial step in what one might call the “recovery process,” a term that seems to be used rather liberally in our modern parlance. 🦦

Earlier today, the Sui blockchain’s liquidity protocol, Cetus, took to the social platform X to share a post that undoubtedly captured the attention of the community. It appears that the protocol, in a most commendable collaboration with the Sui Foundation and OtterSec, has successfully moved the isolated funds on the Sui network to this newly secured wallet. One can only imagine the sighs of relief echoing through the digital halls! 🎉

With the funds now secured, Cetus has officially entered the next phase of the recovery process. The platform has declared, “Our team is diligently working to ensure that all is well that ends well.” One can only hope that this endeavor proves fruitful, for the world of finance is indeed a curious place, filled with both peril and promise. 🧐

For those eager to delve deeper into this unfolding saga, I encourage you to read more at Coingape.com.

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2025-05-31 14:10