The prize offer to recover stolen funds from a decentralized replacement based on Sui (DEX) CETUS is very similar to a successful strategy used by the Solan project three years ago.

It turns out that Cutus shares the same team of programmers as Crema Finance, a DEFI project from Solana, which suffered $ 9 million Hack in 2022, but recovered most of the funds, negotiating with the hacker. Now Cetus is the same strategy.

Cutus asks a hacker to return all except $ 6 million, i.e. 2324 ether (ETH), stolen funds in exchange for a promise that he will not undertake legal proceedings. The protocol lost $ 223 million to employ on May 22.

The size of the prize caused slack from users, and instead many require a formal compensation plan. Several members of the community say that even if the funds are recovered, most of the damage is I have already finished – Especially for the owners of the Cutus token, which fell on the value after the incident.

Meanwhile, Walidacze Sui are also firing for their role in freezing funds. This movement aims to aid in recover, but critics claim that it reveals the risk of centralization on the web.

Sui’s Cetus Devs have a phantom replacement for salt

A similar negotiations strategy used by the CITUS team in Sui was effectively employed many years ago to recover funds for Crema. The Solana project has not published on his account X since March 2023, and its trading platform now sees Irrelevant volumeBut it still didn’t end well for the hacker.

Crema suffered about $ 9 million in 2022. As in the case of Cutus, the Crema hacker was offered a contract to return funds, maintaining $ 1.6 million in exchange for not reporting an attack on the law enforcement authority.

It is believed that the hacker has been caught and sent to prison. In April 2024, the American Prosecutor’s Office for the southern district of Recent York sentenced Shakeb Ahmed to three years in prison for hacking into two separate exchanges of cryptocurrencies. One was identified as Nirvan’s finances, while the other was not named.

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Details of the nameless exchange case match Hack Crema, including the exact date exploit and the terms of the contract.

Norbert Bodziona, the founder of Nightly App, claims that the band Cutus was for Crema Finance.

Bodziona refused to disclose, as he learned about the relationship with Cointelegraph, but added that the connection is “widely known” in the circles of Sui programmer.

Cointelegraph contacted Cetus to confirm the relationship between two projects, but the team did not answer the public.

Cointelegraph learned separately that both projects are founded by Henry Du.

Save Cetus; Centralize sui

Walidacze Sui collectively blocked transactions from the hacker addresses, effectively freezing $ 162 million stolen funds on Sui. About $ 63 million to Ethereum has already been leveled before the implementation of these controls.

Although coordinated efforts were effective in preventing funding funds, the cryptocurrency community criticized Sui for too centralized.

“Walidacze Sui is now tiring to censor the TXS Hacker! Justin Bons, founder of Cyber ​​Capital, wrote on X.

As Bons noted, Sui has only 114 validaries – much more than less recognized intelligent contract peers. Ethereum has over 1 million validators, a Salt He has 1157.

Meanwhile, members of the Sui community defended this movement, arguing that in this way decentralized chains in the real world should function.

“Decentralization is not about standing when people are injured, it’s about the power of action together, without the need for permission”, ” he said One member of the Sui community.

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After burglary, Sui developers committed the code for Proposed function This would allow specific transactions to bypass all signing and security checks by adding them to white.

Although the function could be used to recover stolen funds, it also raised concerns about centralized control and erosion of decentralization. The code has not been connected ultimately and is not live on the web.

Sui and Cetus Backlash contrasts the latest hacks

Cetus Exploit distinguished lasting security challenges in DEFI, while raising deeper questions around who keeps their reins in allegedly decentralized networks such as Sui.

The team’s offer of $ 6 million for hackers reflects the textbook, which he used with Crema-but this time the cryptographic community is not so forgiving. In the case of refueling CETUS, trust fractures and validations freezing funds, critics ask if SUI decentralization is more looking than reality.

The debate on decentralization is not unique to Sui. When Bybit lost $ 1.4 billion in February Haki associated with state entities in North Korea, security experts and users called platforms such as Thorchain and blocking funds.

In this case, Thorchain received a reaction for not entering, which is the exact opposite of what Sui is criticized for now.

For now, the hacker has not accepted Cetus’s offer. Two Ethereum wallets related to the follower still have over $ 60 million in ETH, z Lack of movement At the time of writing. Sui addresses remain paralyzed.

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