Cetus, a Sui-based decentralized exchange (DEX), has proposed a $6 million white hat bounty to recover $220 million in stolen digital assets. The hack, which occurred on May 22, led to the immediate recovery of some funds, but $162 million remains frozen on the Sui blockchain. In a message to the hacker, Cetus stated that they could keep 2,324 ETH worth $6 million as a bounty, with no further legal action pursued if the stolen funds are returned. The team warned that they would escalate legal measures if the assets are transferred to mixers or otherwise inaccessible. Meanwhile, the Sui team considered implementing an emergency whitelist function to allow certain transactions to override security checks, which has raised concerns about decentralization principles. Critics within the crypto community argue this approach counters the ethos of permissionless networks, while others believe it demonstrates effective responsive actions against theft in a decentralized environment.

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