Sui official: A large number of network validators have rejected transactions from hacked addresses, and Cetus plans to return the stolen funds to the community

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On May 22, Sui officially posted, “We are aware that one of Cetus’ smart contracts was attacked today, with a loss of about $223 million. Following the incident, Cetus has suspended its smart contracts to prevent further theft of funds. Cetus is working closely with other DeFi protocols, the Sui Foundation, and validators of the Sui network to secure the entire ecosystem. A large number of validators have identified the addresses of the funds involved and will refuse to process transactions from these addresses until further notice. The Cetus team is actively exploring ways to recover the funds and plans to return the stolen funds to the community. Cetus will publish a full incident report. The Sui Foundation, as well as the entire ecosystem, will fully support Cetus in its response to this incident.”

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