The Cetus hacking case has a "bounty of $5 million". On-chain detective ZachXBT: The bounty is too low, which expert wants to take it?

Cetus, a decentralized exchange that has recently suffered serious hacking attacks, announced the latest development of the incident yesterday (23) night, and the official said that it has not yet received contact from hackers, so it will provide a $5 million bounty to reward anyone who can successfully help identify and arrest hackers. But he was severely soured by Detective Zach on the chain. (Synopsis: After Cetus was hacked $220 million: $6 million bounty negotiated with hackers, Sui ecological meme coin was seriously injured) (Background supplement: SUI on-chain protocol Cetus liquidity pool suspected to be appalled!) The trading pair plunged by more than 70% abnormally) Cetus Protocol, the largest decentralized exchange (DEX) and liquidity provider on the public chain Sui, recently suffered a serious hacking attack, which occurred on May 22, 2025, and lost as much as $220 million, making it one of the worst hacks in the DeFi field this year. Event Progress Review The attack resulted in the emptying of multiple liquidity pools on the Cetus platform, mainly involving assets such as SUI and USDC. After the incident, the prices of several tokens in the Sui ecosystem fluctuated sharply, for example: the prices of HIPPO, LOFI, SQUIRT and other tokens plummeted by 75% to 97%; The price of Cetus' own token, CETUS, also fell by more than 40% at one point; The SUI token price fell by about 15%, from $4.18 to between $3.65 and $3.90. In addition, other protocols in the Sui ecosystem, such as DEXs such as Bluefin and Momentum, have also suspended some activities due to security concerns, showing the impact of the incident on the entire ecosystem. According to the investigation, the hackers exploited a vulnerability in the centralized liquidity market maker (CLMM) system in the Cetus smart contract, in particular the arithmetic overflow problem in the "tick account", which led to the miscalculation of liquidity withdrawal values. Hackers manipulate the price curve and reserve calculations through counterfeit tokens such as BULLA and MOJO, and can siphon off a large amount of real assets by injecting almost zero liquidity. After the attack, the hackers quickly converted the stolen assets into USDC and transferred about $60 million to Ethereum via a cross-chain bridge for 21,938 ETH. After discovering the anomaly, the Cetus team immediately suspended the smart contract to prevent further losses, and cooperated with the Sui Foundation and blockchain security companies to investigate. The validators of the Sui network successfully froze about $160 million in stolen funds, preventing them from being transferred further. In addition, Cetus has previously offered hackers a $6 million "white hat bounty" in the hope that hackers will return 20,920 ETH and other assets in exchange for immunity from legal prosecution. Cetus' latest announcement: $5 million reward for tracking down hackers Just yesterday (23) night, Cetus officially updated the latest development of this incident through the X platform, and the official said that it has not yet received contact from hackers, so it will provide a reward of $5 million to reward anyone who can provide valid information (including name, location, evidence), and successfully assist in identifying and arresting hackers: Update: We have not received any contact from hackers. We encourage hackers to seriously consider the conditions we propose. At the same time, with the support of Inca Digital and the financial support of the Sui Foundation, we are announcing a $5 million bounty for anyone who provides valid information (including name, location, evidence) and successfully assists in identifying and arresting hackers. Information can be submitted by email to info@inca.digital with the title "Cetus lead". If the hackers are willing to cooperate and accept our offer, as we hope, we will not take any further legal action or recourse, including the cancellation of this $5 million bounty. The bounty amount will be paid at the discretion of the Sui Foundation. UPDATE: We have not received any communication from the hacker. We encourage the hacker to sincerely consider our offer terms. Simultaneously, with the support of Inca Digital and financial support from Sui Foundation, we are announcing a bounty of $5M for relevant information… — Cetus (@CetusProtocol) May 23, 2025 ZachXBT Cannon: Capable people don't earn so little Under the bounty X post, the famous on-chain detective ZachXBT was naturally tagged by many people, but he replied to a slightly longer tweet solemnly, very disgusted that $5 million is really "disrespectful": "Success pays $5 million" This condition is a bad deal, and no powerful company will accept this fee structure. What about those man-hours that you have to put in in the first place? Essentially, the victim takes absolutely no risk at first, while the person trying to help runs the risk of wasting their time and energy. This is simply not equivalent. This vague "bounty" system is harmful to the industry as a whole. They just create the illusion that we are dealing with it, and in fact fail to attract anyone who is really capable of participating. A reasonable remuneration structure should do two things at the same time: charging on time to compensate for the hours invested; Incentivize results with the proportion of successful remuneration (contingency). This is exactly how all the top companies are used to charging fees. Furthermore, there are a number of factors that suggest that these "bounties" are simply unfair: What if the attacker is in an extremely difficult jurisdiction? What if law enforcement is simply unable to recover all the funds during the arrest process? And so on and so forth. Zach's statement has caused a lot of netizens and on-chain analysts to respond, all of them think that throwing $5 million in the idea that someone will come forward to "find the real culprit" is very irresponsible. CETUS coin price has not yet warmed up Affected by the hacking incident, the price of CETUS token fell sharply after the incident, falling by more than 40% at one point, and the lowest fell to a low of nearly 1 month. At the time of writing, the CETUS coin price has not yet recovered, tentatively trading at $0.1627, a decline of 6.2% in the past 24 hours, and a market capitalization of about $118 million. At the same time, the SUI coin price affected for the first time, and is now at a nearly one-week trough, tentatively at $3.67, down 6.5% in the past 24 hours, with a market value of about $12.2 billion. CETUS trend. Source: CoinGecko Related reports Sui Ecology" $Cetus token Launchpad "66 times overfunded", Binance SUI...