Sui’s SUI’s liquidity protocol was the most recent of the project, as Bitcoin climbed to record its highest levels above $ 111,000 on May 22.
The CETUS protocol suffered from a security breach that loses more than 200 million dollars, as the perpetrators of the perpetrators reached its smart contracts.
The team confirmed The attacker cleared $ 223 million of his smart contracts.
The company is working to recover the stolen assets, as $ 162 million has already been frozen.
Altcoin offers the terms of sale after a significant decrease, indicating possible recovers in the short term.
CETUS is trading at $ 0.1615, and a $ 0.1319 confirmation as support can lead to a height of $ 0.1922.
This may attract more commercial activity and folders, which supports 39.88 % of the current CETUS price to the main resistance at $ 0.2259.
Fast team response after exploitation
The piracy accident raised widespread concerns, which saw just a decline in broad marches.
However, the team’s reaction was immediately, and locks its smart contracts to prevent more losses.
That witnessed the freezing of $ 162 million of stolen money.
The team also negotiated with the perpetrators to keep $ 6 million and return the remaining amount.
Also, Binance Changpeng Zhao open Plans to support Cetus’s recovery efforts.
CETUS emphasized work with the Sui and other participants in the ecosystem to navigate the recovery channels.
Moreover, the project works with law agencies to enhance recovery efforts.
The protocol has also announced a $ 5 million bonus of relevant information, including name, evidence and site, which can help identify and arrest the attackers.
UPDATE: We have not received any contact from the infiltrator. We encourage the infiltrator to look sincerely with the conditions of our offer. At the same time, with the support of digital and financial support from the Sui Foundation, we announce a reward of $ 5 million for relevant information
They stated:
With the support of digital and financial support from the Sui Foundation, we announce a reward of $ 5 million to obtain relevant information that leads to the identification and arrest of successful (S) infiltrators.
Outlook PRICE CETUS: Land but bottom
Altcoin quickly decreased to $ 0.1488 from $ 0.2556 after the piracy incident.
CETUS hovers at $ 0.1656 after 3 % bounce on the daily price scheme.
While his work remains defeated with the tremendous declining pressure, technical indicators indicate a possible transformation.
First, read the relative strength index of 28.50 places firmly in the Overs area.
This indicates weakness of the declining momentum and bullish re -emissions.
The average trend index is at 31.7, which confirms that the declining trend can approach fatigue.
Moreover, the average convergence/medium difference (MACD) is approaching, indicating a possible transformation.
Meanwhile, Bollengerer width is 39 % to the growing volatility, and the Earth’s position to make a huge price in either direction.
Stability, which exceeds $ 0.1319, supports the rise to $ 0.1922.
This may renew the traded interest and stimulate the bull fees towards the main resistance at $ 0.2259.
This means an increase of 39.88 % over the current price of CETUS.
Factors such as pirates that accept the offer to restore stolen assets can restore the investor confidence and feed the upward trend.
However, the loss of a decisive foothold of $ 0.1319 can lead to extensive unification and low prices.
After CETUS eyes rise by 40 %, amid the rapid response of the team to the opposite damage that appeared after it appeared first on Invezz
