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

ChainCatcher news, the SUI-based DEX Cetus, which suffered a $223 million hack, announced through platform X that it has safely transferred the 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 the wallet until they are returned to users.

In response, Cetus explained: "We have entered the next phase of recovering the funds lost to the hack by ensuring their safety. We are working day and night to fulfill the roadmap promised to the community, including contract upgrades, liquidity restoration, and preparations for the relaunch."

Previous report indicates that the Sui community recently approved an on-chain proposal that will release approximately $162 million that was seized during the Cetus vulnerability last week, allowing the DEX to repay users and restore full operations.