Immediately after the hack, Cetus quickly paused its smart contracts to prevent further losses. In its latest announcement, the project stated that it had offered a whitehat agreement to the hacker to recover the stolen funds.
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Cetus Protocol Halts Operations After $260 Million Hack, Sending Sui Tokens Into Freefall
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The decision by Cetus to pause smart contracts during the $260 million hack was intended to protect user funds and initiate a responsible recovery process, including offering a whitehat agreement to the hacker.
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