Cetus, a major decentralized exchange on the Sui blockchain, is putting up a $5 million bounty for anyone who can help track down the hacker behind a massive $223 million theft last May. The platform is clearly pulling out all the stops to recover the stolen funds and hold the culprit accountable.

Editor’s Note: This isn’t just another crypto heist—it’s one of the biggest in recent memory, and Cetus is taking an aggressive stance by offering a huge reward. It signals how serious these breaches are becoming and how far companies will go to fight back. For crypto users, it’s a reminder that security risks are still a major hurdle in DeFi.

Cetus Protocol, a decentralized exchange on the Sui blockchain, is offering a whopping $5 million bounty to anyone who can help identify and catch the hacker behind a $223 million theft. The reward, backed by the Sui Foundation and cybersecurity firm Inca Digital, comes amid growing unease over Sui’s handling of the freeze—raising eyebrows about how "decentralized" the network really is.

Editor’s Note: This isn’t just another crypto heist story. The massive bounty highlights how desperate Cetus is to recover funds, but the bigger issue is Sui’s centralized response—freezing assets post-hack contradicts the whole ethos of decentralization. For crypto users, it’s a wake-up call: even "decentralized" platforms might have more control than they let on.

DNS hijacking is like someone secretly rerouting your mail to a fake address—except in this case, it’s a cyberattack that redirects web traffic to malicious sites. Curve Finance, a major DeFi platform, recently fell victim to this trick, leaving users unable to access their real website while hackers potentially stole funds. The incident highlights how even basic internet infrastructure can be weaponized against crypto projects.

Editor’s Note: This isn’t just a tech glitch—it’s a wake-up call. If a platform as big as Curve can get hit by DNS hijacking, it shows how vulnerable crypto services are to old-school hacking tricks. For users, it’s a reminder to double-check URLs and enable extra security measures like wallet transaction alerts. For the industry, it’s another push to tighten up defenses beyond smart contracts.

A massive $260 million hack hit Cetus Protocol, a leading decentralized exchange on the Sui blockchain, on May 22. The breach didn’t just drain funds—it spiraled into a broader crisis for the Sui network, raising serious questions about security in decentralized finance (DeFi). While details are still emerging, this isn’t just another crypto heist; it’s a wake-up call for protocols built on newer blockchains.

Editor’s Note: DeFi hacks are nothing new, but this one stings because it exploited vulnerabilities in Sui, a blockchain that’s been gaining traction. For everyday crypto users, it’s a reminder that even "next-gen" networks aren’t immune to risks. And for developers? It’s a brutal lesson in how quickly a single exploit can snowball into a system-wide mess. Trust in these platforms hinges on security—so when $260 million vanishes, everyone pays attention.

Haedal Protocol, a liquid staking platform on the Sui blockchain, has hit pause on its "haeVault" feature after Cetus—a liquidity provider it relies on—got hacked for a whopping $223 million. Haedal’s team confirmed the move in a public statement, though details on how this affects users are still emerging.

Editor’s Note: This isn’t just another crypto hack—it’s a ripple effect. Haedal’s decision shows how vulnerabilities in one corner of DeFi can force others to scramble, even if they weren’t directly breached. For users, it’s a stark reminder that staking and liquidity services, while lucrative, aren’t immune to risks. Expect tighter scrutiny (and maybe delays) as projects reassess dependencies.

Cetus, a decentralized exchange on the Sui blockchain, is offering a $6 million bounty to recover $220 million stolen in a recent hack. Meanwhile, the Sui network is facing criticism over whether it's truly decentralized, with skeptics pointing to its ties to Mysten Labs. It's a messy situation—Cetus is scrambling to fix the damage, while Sui's credibility as a "decentralized" chain is under scrutiny.

Editor’s Note: This isn’t just another crypto hack—it’s a double whammy. The massive theft shakes confidence in DeFi security, and the decentralization debate around Sui could have long-term implications for how the project is perceived. If a blockchain’s independence is in question, it could scare off users and investors, making this more than just a financial loss.

Cetus Protocol, a major decentralized exchange on the Sui blockchain, got hit with a $223 million hack on May 22. Instead of just scrambling to recover the funds, they’re taking an unusual approach: offering the hacker a $6 million "bounty" to return the rest. It’s a high-stakes negotiation playing out on-chain, with the platform trying to minimize losses while the hacker holds all the cards.

Editor’s Note: This isn’t just another crypto hack—it’s a test of how DeFi projects handle crises. Offering a bounty to a hacker is risky (some might call it rewarding bad behavior), but it also reflects the harsh reality that recovering stolen crypto is often impossible without cooperation. For investors and users, it’s a stark reminder of the vulnerabilities in decentralized systems, even on big-name platforms. The outcome could set a precedent for how future exploits are handled.

An American tourist, Jacob Irwin-Cline, had a terrifying experience during a layover in London when his Uber driver allegedly drugged him and stole a whopping $123,000 in cryptocurrency. The 30-year-old was just passing through the UK when the driver took advantage of him, leaving him unconscious and lighter in the digital wallet.

Editor’s Note: This isn’t just another robbery—it’s a stark reminder of how vulnerable travelers can be, especially when dealing with high-value digital assets like crypto. It also raises questions about ride-hailing safety and the risks of carrying large sums in volatile forms of currency. For anyone moving money across borders, this story is a wake-up call to stay extra cautious.

Cybercriminals are impersonating Ledger Live, a popular crypto wallet app, to trick users into downloading a fake version. Once installed, the malicious app steals users' seed phrases—the critical backup codes for accessing their crypto—allowing hackers to drain their wallets. This isn't just phishing; it's a sophisticated attack targeting people who think they're using legitimate security tools.

Editor’s Note: If you're into crypto, this is a wake-up call. Even trusted tools like Ledger can be spoofed, and losing your seed phrase means losing your funds—no takebacks. Always double-check download sources, enable two-factor authentication, and treat unsolicited app updates with suspicion. This scam highlights how hackers are getting craftier as crypto adoption grows, so staying paranoid might just save your wallet.