Cetus Hacker Transfers $53 Million in ETH: A Total of 23,244 ETH Accumulated

On May 22, COINOTAG reported a significant development in the ongoing investigations surrounding the Cetus hack. According to tracking by @ai_9684xtpa, the perpetrator shifted a substantial 20,000 ETH to a newly established cryptocurrency wallet. This transaction is valued at approximately $53 million, adding to the hacker’s total holdings of 23,244 ETH, amounting to an estimated $61.6 million. The implications of this incident highlight the continuous challenges in ensuring security within the blockchain ecosystem, as hackers increasingly exploit vulnerabilities. Stakeholders in the crypto market are advised to monitor the situation closely, as these movements could influence market dynamics and raise questions about the need for reinforced protective measures in digital currencies.