Cetus transfers hacker-related frozen funds to multi-signature wallets, ushering in a new phase of recovery

On May 31st, 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. The funds will be held in the wallet until returned to the user.
In response, Cetus explained: "We have entered the next phase of recovering the funds lost by the hackers by ensuring the safety of the funds. We are working around the clock to meet the roadmap we have promised to the community, such as contract upgrades, liquidity restoration and preparations for a restart."
The Sui community recently approved a proposal on a necklace that would release approximately $162 million seized during the Cetus breach last week, allowing DEX to reimburse users and resume full operations.