Cetus Theft of 220 Million: Team Offers 5 Million Reward, Sparking Debate as ZachXBT Criticizes Unfair Reward System
Cetus Theft Incident: Sui Offers $5 Million Reward for Information on Hackers
In the recent Cetus theft incident, Sui has announced a reward of $5 million for individuals willing to provide substantial information about the hackers. However, on the matter of the reward’s cost structure, blockchain investigator ZachXBT has voiced significant concerns. He pointed out that the victims of the hacking incident do not bear any risk at the outset, while those attempting to assist must take on the risk of time and effort. This creates an imbalance. He also agreed that the team’s offer of such a reward condition is essentially a façade to appease the public, making them believe action is being taken, while there is no real intention to disburse the reward.
Current Reward Structure Unfair to Solvers
ZachXBT stated that offering $5 million only upon successful resolution of the case is a poor deal. No capable firm would accept such a cost structure. The author added that the solver would need to spend considerable time looking for clues, which only covers part of the time and effort cost. However, this does not guarantee success; the fact that only successful resolution leads to a reward means that there is a high likelihood that the time and effort spent by the solver will be in vain.
ZachXBT emphasized that essentially, the victims initially do not bear any risk, while those trying to help must take on the risk of time and effort. This is an imbalance. He pointed out that these vague “rewards” are detrimental to the industry, making the team appear as though they are taking action while actually failing to incentivize capable individuals.
Fair Compensation Structure Should Include Hourly Fees and a Percentage of Recovered Funds
He indicated that a fair compensation structure should be based on hourly fees for time invested, combined with a percentage of the successful outcome as an incentive (this is the method employed by all top firms). Additionally, there are numerous factors that indicate these rewards are not fair. For instance, what if the attacker resides in a jurisdiction where law enforcement faces challenges? What if law enforcement fails to recover all funds during an arrest?
Some have also remarked that while the reward may appear attractive, it is, in fact, impractical. Compared to experts tracking and investigating vulnerabilities, the team bears no risk. That $5 million is merely a smokescreen for the audience. In reality, they do not intend to genuinely distribute this sum, a point with which ZachXBT also concurred.
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