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Cetus transferred the hacker-related frozen funds to a Multi-signature Wallet, and the recovery process has entered a new phase.
ChainCatcher news, SUI-based DEX Cetus, which suffered a $220 million hacker attack, announced via platform X that it has securely transferred the frozen funds related to the hacker attack to a multisignature trust Wallet jointly managed by CETUS, SUI, and OtterSec. These funds will be held in the Wallet until they are returned to users. In this regard, the Cetus team explained: "We have entered the next phase of recovering funds lost to hackers by ensuring the security of funds. We are working day and night to fulfill the roadmap promised to the community, including contract upgrades, liquidity recovery, and preparations for relaunch." As previously reported, the Sui community recently approved an on-chain proposal that would release about $162 million seized during the Cetus breach last week, allowing the DEX to repay users and resume full operations.