PANews
PANews|Jun 08, 2025 23:51
Cetus Protocol restarts platform after recovering from $223 million vulnerability The DEX protocol Cetus based on Sui and Aptos completed a reboot on June 8th, 17 days after being attacked for $223 million. The agreement involves the verifier freezing and recovering $162 million in assets, and utilizing $7 million in cash reserves and a $30 million USDC loan provided by the Sui Foundation to restore the affected liquidity pool to 85% -99% of its initial value. The remaining losses will be compensated linearly over 12 months using CETUS tokens. Cetus Protocol has announced plans to launch a new round of comprehensive audits in the future, upgrade the real-time monitoring system of the protocol, launch a new white hat bounty program, and modify the roadmap for upcoming product features.
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