Cetus: Aggregator service has been restored and is working hard to repair system data

PANews reported on May 25 that in response to questions and concerns from the community such as recent events, funding status and recovery roadmap, the Cetus team released a community update. The affected funds consist of two parts: one part is within Sui, and the other part is mainly bridged outside the ecosystem in the form of ETH. The team is advancing the recovery of funds through white hat negotiations and legal means, and proposes to unlock frozen assets through Sui community PoS voting. Data recovery work on the Cetus protocol is in progress and is expected to take dozens of hours. Among them, the aggregator service has been restored online and supports exchange 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 be routed through other liquidity sources on Sui. It has been confirmed that the Cetus CLMM pool that was not affected in this incident will resume operation after the accurate position data is fully restored.

Cetus has not yet released a detailed official announcement because 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 efforts are to maximize the recovery of funds and to cooperate with the Sui ecosystem and verification nodes (full recovery of funds requires the full cooperation of the entire ecosystem).

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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