strong buy

Cetus Secures $160 Million Recovery in Hack Aftermath

Cetus has successfully moved the $160 million that was frozen following the hack into a multi-signature wallet, which is now jointly overseen by Cetus, the SUI Foundation, and OtterSec. The funds will stay in secure custody until they are returned to the harmed users.
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AI Analysis

The transfer of the $160 million into a multi-signature wallet marks a significant step in the ongoing recovery process following the recent security breach. This collective control by Cetus, the SUI ...

AI Recommendation

Given the strategic move to secure the funds and the proactive recovery measures, it is advisable to hold or cautiously increase exposure to Cetus if you are already involved, provided that the protoc...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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