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$220M stolen in minutes, $6M bounty offered – Cetus’ recovery plan explained

AMBCrypto LogoAMBCrypto13h ago

$220M stolen in minutes, $6M bounty offered – Cetus’ recovery plan explained - AMBCrypto

Quick Summary:

As the protocol navigates complex recovery, user frustration grows over compensation and timelines.

While Cetus claims to be working around the clock to restore operations, users remain in limbo.

Now, the protocol is pursuing recovery through a community vote and direct negotiations with the attacker.

More Pictures

$220M stolen in minutes, $6M bounty offered – Cetus’ recovery plan explained - AMBCrypto (Picture 1)$220M stolen in minutes, $6M bounty offered – Cetus’ recovery plan explained - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Samyukhtha L KM

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-25 @ 23:00:22 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 28967129

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 9 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "$220M stolen in minutes, $6M bounty offered – Cetus’ recovery plan explained" has 505 words across 23 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "$220M stolen in minutes, $6M bounty offered – Cetus’ recovery plan explained" was covered 13 hours ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 9 news stories per day.

It's most recent story was published 15 hours ago.

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  • News ID: #28967129
  • URL: https://articulation360.beamstart.com/news/220m-stolen-in-minutes-6m-17482150461122

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