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Cetus transfers hacker-related frozen funds to multi-signature wallets, and the recovery process enters a new stage

On May 31, SUI-based DEX Cetus, which suffered a $223 million hack, announced through platform X that it had safely transferred frozen funds related to the hack to a multi-signature trust wallet jointly managed by CETUS, SUI and OtterSec. These funds will be held in wallets until they are returned to the user. In response, Cetus explained: "We have entered the next stage of recovering the funds lost by hackers by ensuring the safety of funds. We are working around the clock to fulfill the roadmap we have promised to the community, such as contract upgrades, liquidity restoration and preparations for a restart." It was previously reported that the Sui community recently approved a proposal that would release approximately $162 million seized during the Cetus breach last week, allowing DEX to repay users and resume full operations.

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