PANews
PANews|May 25, 2025 02:31
Cetus: The aggregator service has been restored online and is working hard to repair system data In response to issues and concerns from the community, such as recent events, funding status, and recovery roadmap, the Cetus team has released a community update. The affected funds consist of two parts: Part of it is within Sui, while the other part mainly bridges outside the ecosystem in the form of ETH. The team is advancing fund recovery through both white hat negotiations and legal means, and proposing to unlock frozen assets through the Sui community PoS voting. The data recovery work for the Cetus protocol is actively underway and is expected to take several tens of hours. The aggregator service has been restored online and supports redemption through partners such as Phantom and Binance Alpha. The aggregator service has no clear dependency on the liquidity pool on Cetus and will continue to route through other liquidity sources on Sui. It has been confirmed that the Cetus CLMM pool, which was not affected in this incident, will resume operation after accurate position data is fully restored. Cetus has not yet released a detailed official announcement as it is actively discussing with the Sui Foundation and other community members to finalize the key details of the recovery. The current main focus and direction of efforts are twofold: firstly, to maximize the recovery of funds, and secondly, to collaborate with the Sui ecosystem and verification nodes (comprehensive recovery of funds requires the full cooperation of the entire ecosystem).
Share To

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads