Cetus Protocol Restarts Platform After Recovering from $223 Million Hole

PANews reported on June 9 that according to The Block, the DEX protocol Cetus based on Sui and Aptos was restarted on June 8, 17 days after suffering a $223 million attack. The protocol recovered $162 million in assets through validator freezing, and used $7 million in cash reserves and a $30 million USDC loan from 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 through CETUS tokens. Cetus Protocol said it plans to launch a new round of comprehensive audits in the future, upgrade the protocol's real-time monitoring system, launch a new white hat bounty program, and modify the roadmap for upcoming product features.

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