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CetusRecovery

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Cetus $230M Hack: How a Math Bug Led to Massive LossesAccording to Odaily, a deep analysis by SlowMist has uncovered how a hacker stole $230 million from Cetus by exploiting a math overflow vulnerability in the get_delta_a function. The flaw bypassed a protection mechanism (checked_shlw), letting the attacker manipulate parameters and trick the system into miscalculating token values. Example : Imagine a smart contract says: “You give me 1 haSUI, I give you 1,000,000 USDT.” Due to an overflow bug in the math calculation, the attacker made it seem like they only needed 1 token to receive millions in liquidity. In reality, they should have needed a huge amount. By carefully choosing the inputs, the attacker got billions in value almost for free. Takeaway: This is a powerful reminder that even a tiny math error in a smart contract can lead to massive losses. Overflow vulnerabilities must be taken seriously. Every calculation needs proper limits, validation, and safe coding practices to avoid this kind of disaster. Source: Binance square. #TrumpTariffs #HackingAlert #CetusRecovery #Cetus

Cetus $230M Hack: How a Math Bug Led to Massive Losses

According to Odaily, a deep analysis by SlowMist has uncovered how a hacker stole $230 million from Cetus by exploiting a math overflow vulnerability in the get_delta_a function. The flaw bypassed a protection mechanism (checked_shlw), letting the attacker manipulate parameters and trick the system into miscalculating token values.
Example :
Imagine a smart contract says:
“You give me 1 haSUI, I give you 1,000,000 USDT.”
Due to an overflow bug in the math calculation, the attacker made it seem like they only needed 1 token to receive millions in liquidity. In reality, they should have needed a huge amount. By carefully choosing the inputs, the attacker got billions in value almost for free.
Takeaway:
This is a powerful reminder that even a tiny math error in a smart contract can lead to massive losses. Overflow vulnerabilities must be taken seriously. Every calculation needs proper limits, validation, and safe coding practices to avoid this kind of disaster.
Source: Binance square.
#TrumpTariffs #HackingAlert #CetusRecovery #Cetus
On Wednesday, the $SUI validator community acted swiftly to freeze $162M in stolen funds. Here's how it unfolded: Validators have config files that can block transactions from specific addresses. Each validator decides independently whether to block an address, and can reverse the action at any time. Over one-third of validators (by stake) chose to block two addresses linked to the attack — effectively freezing the funds. This isn’t unique to Sui; any network validator can do the same to manage risk or comply with legal obligations. Thanks to quick action, a portion of the funds — valued at $162M — was frozen before the attacker could bridge them out. Freezing is a temporary defense to slow attacks and give victims a chance to respond. That’s exactly what happened in the Cetus exploit. Unfortunately, the attacker hasn’t replied to outreach from the team. Today, Cetus proposed a community vote on a protocol upgrade to return the frozen funds — no chain rollback, no transaction reversals. Given the circumstances, we support a community vote under two conditions: 1. We’ll stay neutral and abstain from voting. Our role is to design a fair, transparent process that reflects the community’s voice. 2. Cetus must commit all its resources to fully recover and return funds to its customers. More details and code coming soon. #SuiNetwork #CryptoSecurity #DecentralizedGovernance #CetusRecovery #TrumpTariffs
On Wednesday, the $SUI validator community acted swiftly to freeze $162M in stolen funds. Here's how it unfolded:

Validators have config files that can block transactions from specific addresses.

Each validator decides independently whether to block an address, and can reverse the action at any time.

Over one-third of validators (by stake) chose to block two addresses linked to the attack — effectively freezing the funds.

This isn’t unique to Sui; any network validator can do the same to manage risk or comply with legal obligations.

Thanks to quick action, a portion of the funds — valued at $162M — was frozen before the attacker could bridge them out.

Freezing is a temporary defense to slow attacks and give victims a chance to respond. That’s exactly what happened in the Cetus exploit. Unfortunately, the attacker hasn’t replied to outreach from the team.

Today, Cetus proposed a community vote on a protocol upgrade to return the frozen funds — no chain rollback, no transaction reversals. Given the circumstances, we support a community vote under two conditions:

1. We’ll stay neutral and abstain from voting. Our role is to design a fair, transparent process that reflects the community’s voice.

2. Cetus must commit all its resources to fully recover and return funds to its customers.

More details and code coming soon.

#SuiNetwork #CryptoSecurity #DecentralizedGovernance #CetusRecovery #TrumpTariffs
BREAKING NEWS: 🛡️ May’s Crypto Hacks Total $244M, but Sui and Cetus Recover $157M 🔐 $SUI May 2025 turned out to be another reminder of the crypto market’s security challenges, with a staggering $244.1 million lost to various hacks and exploits. However, there was a silver lining: two major projects, Sui and Cetus, successfully managed to recover $157 million, showcasing the growing resilience of blockchain protocols and their communities. The month saw multiple incidents, including smart contract vulnerabilities, cross-chain bridge exploits, and phishing attacks. These events continue to highlight the need for stronger cybersecurity infrastructure, especially as decentralized finance (DeFi) grows more complex and interconnected. $CETUS Sui and Cetus stood out for their quick and coordinated response. With the help of white-hat hackers and real-time monitoring tools, both projects were able to trace stolen assets and engage with exchanges and community validators to freeze and retrieve significant portions of the funds. This recovery is one of the largest clawbacks in recent DeFi history. While the $244M loss is concerning, the successful response from Sui and Cetus sets a hopeful precedent. Their efforts demonstrate that recovery is possible when networks are transparent, security teams are proactive, and communities stay engaged. These events also serve as a wake-up call for both developers and investors. Projects must invest more in smart contract audits, bug bounties, and real-time threat detection, while users should remain cautious of scams and rug pulls in high-yield environments. As the crypto space matures, security will define trust. May’s incidents prove that while threats remain, the industry is developing better tools and teamwork to fight back. {spot}(SUIUSDT) {spot}(CETUSUSDT)
BREAKING NEWS:
🛡️ May’s Crypto Hacks Total $244M, but Sui and Cetus Recover $157M 🔐

$SUI
May 2025 turned out to be another reminder of the crypto market’s security challenges, with a staggering $244.1 million lost to various hacks and exploits. However, there was a silver lining: two major projects, Sui and Cetus, successfully managed to recover $157 million, showcasing the growing resilience of blockchain protocols and their communities.

The month saw multiple incidents, including smart contract vulnerabilities, cross-chain bridge exploits, and phishing attacks. These events continue to highlight the need for stronger cybersecurity infrastructure, especially as decentralized finance (DeFi) grows more complex and interconnected.

$CETUS
Sui and Cetus stood out for their quick and coordinated response. With the help of white-hat hackers and real-time monitoring tools, both projects were able to trace stolen assets and engage with exchanges and community validators to freeze and retrieve significant portions of the funds. This recovery is one of the largest clawbacks in recent DeFi history.

While the $244M loss is concerning, the successful response from Sui and Cetus sets a hopeful precedent. Their efforts demonstrate that recovery is possible when networks are transparent, security teams are proactive, and communities stay engaged.

These events also serve as a wake-up call for both developers and investors. Projects must invest more in smart contract audits, bug bounties, and real-time threat detection, while users should remain cautious of scams and rug pulls in high-yield environments.

As the crypto space matures, security will define trust. May’s incidents prove that while threats remain, the industry is developing better tools and teamwork to fight back.

$CETUS 🚀 CETUS/USDT EXPLOSION! +28% GAINS IN 1H | Is This Just the Beginning? 🧨 --- 📊 CHART ANALYSIS | 1-HOUR TIMEFRAME INSIGHTS CETUS just rocketed to $0.1645 (+28.42%), tagging a fresh high at $0.1655 Here’s what’s HOT right now: MA(7) crossing bullishly above MA(25) and MA(99) — momentum confirmed! ✅ Golden Crossover Zone activated at $0.1350 – $0.1440 Volume Spike: +237M CETUS traded in 24h — bulls in control Massive Support: $0.1305 – $0.1420 RSI likely overbought — profit-taking soon? --- 💸 SPOT STRATEGY | Buy The Retest? Buy Zone: $0.1440 – $0.1500 (wait for pullback!) TP1: $0.1655 TP2: $0.1790 Stop-Loss: Below $0.1420 > Strategy: Let price cool off and re-enter at key MA confluence zone. --- ⚔️ FUTURES STRATEGY | Volatility = Opportunity! 🔵 Long Setup Entry: Breakout & hold above $0.1670 TP1: $0.1790 TP2: $0.1888 SL: Below $0.1600 Leverage: 3x–5x recommended #CetusRecovery 🔴 Short Setup Entry: Strong rejection from $0.1655 or bearish engulfing TP1: $0.1500 TP2: $0.1440 SL: Above $0.1680 > Ideal for scalpers watching reversal patterns. #sui --- ⚠️ CETUS/SUI INCIDENT | Stay Cautious! Recent user complaints about missing balances from Cetus DEX and RPC issues on the Sui Network have raised concerns. Some users recovered funds by switching RPC nodes Sui Foundation launched a $2M incubator with Cetus & Aftermath — bullish for long-term but short-term caution advised ✅ TIP: Avoid major deposits until RPC & wallet bugs are fully resolved. #Bitcoin2025 --- 🛡️ RISK & CAPITAL MANAGEMENT Max Risk: 1–2% per trade Take profit at targets — don’t get greedy Watch volume + RSI divergence = exit signal #TrumpMediaBitcoinTreasury --- ⚖️ FINAL VERDICT | Hype Meets Caution CETUS is pumping HARD but the ecosystem is under scrutiny. If you're trading this — ride the trend but don’t ignore the shadows. Momentum is real. But so is smart risk! #Cetus $CETUS {spot}(CETUSUSDT)
$CETUS 🚀 CETUS/USDT EXPLOSION! +28% GAINS IN 1H | Is This Just the Beginning? 🧨

---

📊 CHART ANALYSIS | 1-HOUR TIMEFRAME INSIGHTS

CETUS just rocketed to $0.1645 (+28.42%), tagging a fresh high at $0.1655
Here’s what’s HOT right now:

MA(7) crossing bullishly above MA(25) and MA(99) — momentum confirmed! ✅

Golden Crossover Zone activated at $0.1350 – $0.1440

Volume Spike: +237M CETUS traded in 24h — bulls in control

Massive Support: $0.1305 – $0.1420

RSI likely overbought — profit-taking soon?

---

💸 SPOT STRATEGY | Buy The Retest?

Buy Zone: $0.1440 – $0.1500 (wait for pullback!)

TP1: $0.1655

TP2: $0.1790

Stop-Loss: Below $0.1420

> Strategy: Let price cool off and re-enter at key MA confluence zone.

---

⚔️ FUTURES STRATEGY | Volatility = Opportunity!

🔵 Long Setup

Entry: Breakout & hold above $0.1670

TP1: $0.1790

TP2: $0.1888

SL: Below $0.1600

Leverage: 3x–5x recommended

#CetusRecovery

🔴 Short Setup

Entry: Strong rejection from $0.1655 or bearish engulfing

TP1: $0.1500

TP2: $0.1440

SL: Above $0.1680

> Ideal for scalpers watching reversal patterns.

#sui

---

⚠️ CETUS/SUI INCIDENT | Stay Cautious!

Recent user complaints about missing balances from Cetus DEX and RPC issues on the Sui Network have raised concerns.

Some users recovered funds by switching RPC nodes

Sui Foundation launched a $2M incubator with Cetus & Aftermath — bullish for long-term but short-term caution advised

✅ TIP: Avoid major deposits until RPC & wallet bugs are fully resolved.

#Bitcoin2025
---

🛡️ RISK & CAPITAL MANAGEMENT

Max Risk: 1–2% per trade

Take profit at targets — don’t get greedy

Watch volume + RSI divergence = exit signal

#TrumpMediaBitcoinTreasury
---

⚖️ FINAL VERDICT | Hype Meets Caution

CETUS is pumping HARD but the ecosystem is under scrutiny.
If you're trading this — ride the trend but don’t ignore the shadows.
Momentum is real. But so is smart risk!
#Cetus $CETUS
JUST IN: Sui Foundation Joins Forces with Cetus to Repay Users — Recovery Starts NOW! 🚨DeFi just got a MAJOR win. In a bold move to restore user trust, Cetus is stepping up in a big way — launching full compensation for users affected by the recent fund lock-up. 💸 Here’s what you need to know: ✅ Cetus will use its cash + token treasury to repay users ✅ Recovery begins IMMEDIATELY — no need to wait for a community vote ✅ A loan from the Sui Foundation is boosting the comeback ✅ A yes vote from the community could unlock even more funds! 🔥 This isn’t just a fix — it’s a full-scale redemption arc. > “We won’t wait. We’ll act.” — Cetus team This decision signals a new standard in DeFi resilience, transparency, and user-first thinking. And with the Sui Foundation backing the plan, the message is clear: The ecosystem believes in Cetus. 👀 All eyes are now on how effectively Cetus executes — and so far, it’s nothing short of impressive. This could be the blueprint for how DeFi platforms recover from crisis without losing community trust. 📢 Web3 isn’t dead. It’s evolving. And Cetus is leading the charge. #CetusRecovery #SUIFOUNDATION #Write2Earn

JUST IN: Sui Foundation Joins Forces with Cetus to Repay Users — Recovery Starts NOW! 🚨

DeFi just got a MAJOR win. In a bold move to restore user trust, Cetus is stepping up in a big way — launching full compensation for users affected by the recent fund lock-up.

💸 Here’s what you need to know:
✅ Cetus will use its cash + token treasury to repay users
✅ Recovery begins IMMEDIATELY — no need to wait for a community vote
✅ A loan from the Sui Foundation is boosting the comeback
✅ A yes vote from the community could unlock even more funds!

🔥 This isn’t just a fix — it’s a full-scale redemption arc.

> “We won’t wait. We’ll act.” — Cetus team

This decision signals a new standard in DeFi resilience, transparency, and user-first thinking. And with the Sui Foundation backing the plan, the message is clear:
The ecosystem believes in Cetus.

👀 All eyes are now on how effectively Cetus executes — and so far, it’s nothing short of impressive.

This could be the blueprint for how DeFi platforms recover from crisis without losing community trust.

📢 Web3 isn’t dead. It’s evolving. And Cetus is leading the charge.

#CetusRecovery #SUIFOUNDATION #Write2Earn
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Bullish
Good news on $CETUS where all the$SUI community is behind them, fully supporting on the recovery from giving loan and vote yes. #CetusRecovery
Good news on $CETUS where all the$SUI community is behind them, fully supporting on the recovery from giving loan and vote yes.

#CetusRecovery
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CETUSUSDT
Closed
PNL
+304.83USDT
🚨 UPDATE: Cetus released a community update, saying its aggregator service is already online. Recovery is underway via legal and on chain efforts. #Cetus #CetusRecovery
🚨 UPDATE: Cetus released a community update, saying its aggregator service is already online.

Recovery is underway via legal and on chain efforts.

#Cetus #CetusRecovery
The data you’ve shared is a snapshot of the $CETUS /USDT trading pair. Here's a breakdown and interpretation of key metrics: --- 📊 Current Market Overview Current Price: $0.1682 Change (24h): +32.55% – Very strong upward movement. 24h High / Low: High: $0.1696 Low: $0.1258 24h Volume: $CETUS : 291.54 million USDT: 43.42 million --- 🔍 Technical Indicators RSI(6): 86.90 – This is in the overbought zone, suggesting a possible pullback soon. AVL (Average Line?): 0.1662 Support Levels (from order book): Strong Support around $0.1396 / $0.1288 / $0.1180 Resistance Levels: $0.1696 / $0.1721 $CETUS --- ⏳ Time-Based Performance Today: +11.47% Last 7 Days: -14.02% Last 30 Days: -14.80% Last 90 Days: +47.20% Last 180 Days: -53.67% The token had a massive decline over 6 months, but it’s showing signs of recovery lately. --- 📌 Summary Bullish Momentum Today, with a 32.55% 24h gain and RSI approaching extreme overbought levels. Could be good for short-term momentum trades, but caution is advised if you're entering now due to possible pullback. Important to monitor resistance at $0.1696–$0.1721, and watch volume for sustained upward movement. #Cetus #CetusRecovery #CetusRecovery #CETUS🔥🔥🔥 #CETUSAnalysis
The data you’ve shared is a snapshot of the $CETUS /USDT trading pair. Here's a breakdown and interpretation of key metrics:

---

📊 Current Market Overview

Current Price: $0.1682

Change (24h): +32.55% – Very strong upward movement.

24h High / Low:

High: $0.1696

Low: $0.1258

24h Volume:

$CETUS : 291.54 million

USDT: 43.42 million

---

🔍 Technical Indicators

RSI(6): 86.90 – This is in the overbought zone, suggesting a possible pullback soon.

AVL (Average Line?): 0.1662

Support Levels (from order book):

Strong Support around $0.1396 / $0.1288 / $0.1180

Resistance Levels:

$0.1696 / $0.1721

$CETUS
---

⏳ Time-Based Performance

Today: +11.47%

Last 7 Days: -14.02%

Last 30 Days: -14.80%

Last 90 Days: +47.20%

Last 180 Days: -53.67%

The token had a massive decline over 6 months, but it’s showing signs of recovery lately.

---

📌 Summary

Bullish Momentum Today, with a 32.55% 24h gain and RSI approaching extreme overbought levels.

Could be good for short-term momentum trades, but caution is advised if you're entering now due to possible pullback.

Important to monitor resistance at $0.1696–$0.1721, and watch volume for sustained upward movement.
#Cetus #CetusRecovery #CetusRecovery #CETUS🔥🔥🔥 #CETUSAnalysis
SUI: Is Now the Time to Rebound to $4? SUI faced a dip from ~$4 to near $3 after the Cetus Protocol hack. But with the issue largely resolved, could this be the strategic entry for a return to $4? Technical Outlook: SUI is consolidating around $3.20-$3.30. A breakout above $3.36 is key to target the psychological $4 mark. The 50-day EMA near $3.40 is another hurdle. Be mindful of potential profit-taking. Sentiment & Recovery: The swift, community-led Cetus recovery has boosted confidence. This resilience is positive, but continued security and ecosystem growth are crucial for sustained gains. Fundamentals & $4 Target: SUI's strong tech and expanding ecosystem (DeFi, gaming) underpin its potential to revisit $4. Growing dApps and user base will drive this. Considerations: Upcoming token unlocks (early/late June) might add selling pressure. Monitor on-chain activity and broader market trends closely. Conclusion: The post-hack recovery offers a compelling scenario. SUI's return to $4 hinges on breaking technical resistance, managing unlocks, and continued ecosystem growth. Always DYOR. Not financial advice. #CetusRecovery $SUI {spot}(SUIUSDT)
SUI: Is Now the Time to Rebound to $4?

SUI faced a dip from ~$4 to near $3 after the Cetus Protocol hack. But with the issue largely resolved, could this be the strategic entry for a return to $4?

Technical Outlook: SUI is consolidating around $3.20-$3.30. A breakout above $3.36 is key to target the psychological $4 mark. The 50-day EMA near $3.40 is another hurdle. Be mindful of potential profit-taking.

Sentiment & Recovery: The swift, community-led Cetus recovery has boosted confidence. This resilience is positive, but continued security and ecosystem growth are crucial for sustained gains.
Fundamentals & $4 Target: SUI's strong tech and expanding ecosystem (DeFi, gaming) underpin its potential to revisit $4. Growing dApps and user base will drive this.

Considerations: Upcoming token unlocks (early/late June) might add selling pressure. Monitor on-chain activity and broader market trends closely.

Conclusion: The post-hack recovery offers a compelling scenario. SUI's return to $4 hinges on breaking technical resistance, managing unlocks, and continued ecosystem growth. Always DYOR. Not financial advice.
#CetusRecovery $SUI
$CETUS Market Watch Eyes on the Bounce❓ {future}(CETUSUSDT) Hey crypto fam‼️ CETUS has been making some noise lately, and not all of it good after the recent $260M hack, the token took a big hit. But guess what? Smart traders are already eyeing a potential bounce. 💁🏻Entry Zone: $0.12570– sweet spot for the dip buyers 🎯Profit Target: $0.1350/0.14 – not greedy, just realistic 🚷Stop Loss: $0.1200 – manage that risk, always‼️ Despite the recent breach, CETUS is showing signs of stabilization. If support holds around $0.1215, a short-term reversal could be on the table. Watch for volume spikes and any ecosystem recovery news. Buy trade here💁🏻$CETUS #Cetus #CetusEcosystem #CetusRecovery
$CETUS Market Watch Eyes on the Bounce❓

Hey crypto fam‼️
CETUS has been making some noise lately, and not all of it good after the recent $260M hack, the token took a big hit. But guess what? Smart traders are already eyeing a potential bounce.

💁🏻Entry Zone: $0.12570– sweet spot for the dip buyers

🎯Profit Target: $0.1350/0.14 – not greedy, just realistic

🚷Stop Loss: $0.1200 – manage that risk, always‼️

Despite the recent breach, CETUS is showing signs of stabilization. If support holds around $0.1215, a short-term reversal could be on the table. Watch for volume spikes and any ecosystem recovery news.

Buy trade here💁🏻$CETUS

#Cetus #CetusEcosystem #CetusRecovery
$CETUS to Compensate Users After $2.23M Exploit; $SUI Backs Recovery Key Highlights: * Cetus, a decentralized exchange on the Sui blockchain, suffered a $2.23 million exploit. * The Sui community voted to support a recovery plan, facilitating full compensation for affected users. * The incident underscores the importance of robust security measures in decentralized finance (DeFi) platforms. Cetus, a decentralized exchange on the $SUI blockchain, suffered a major security breach. The incident led to a loss of $2.23 million. The Cetus team promptly proposed a recovery plan to compensate affected users fully. Sui Community Backs Cetus Recovery Plan The exploit exposed vulnerabilities in Cetus's smart contracts. In response, the Cetus team and the Sui community took immediate action. The recovery plan involves reallocating funds and implementing enhanced security protocols to prevent future incidents. The community's vote in favor of the plan shows a collective commitment to trust and integrity within the platform. Reinforcing Security and Community Trust This incident reminds of the risks in DeFi platforms and the critical need for continuous security assessments. The swift response to Cetus's recovery efforts highlights the importance of quick action.  Community involvement shows strong support and cooperation. This approach may set a precedent for handling similar situations in the future. Transparency and user protection remain key priorities in such efforts. #SUI🔥 #Cetus #CetusRecovery
$CETUS to Compensate Users After $2.23M Exploit; $SUI Backs Recovery

Key Highlights:
* Cetus, a decentralized exchange on the Sui blockchain, suffered a $2.23 million exploit.
* The Sui community voted to support a recovery plan, facilitating full compensation for affected users.
* The incident underscores the importance of robust security measures in decentralized finance (DeFi) platforms.

Cetus, a decentralized exchange on the $SUI blockchain, suffered a major security breach. The incident led to a loss of $2.23 million. The Cetus team promptly proposed a recovery plan to compensate affected users fully.

Sui Community Backs Cetus Recovery Plan

The exploit exposed vulnerabilities in Cetus's smart contracts. In response, the Cetus team and the Sui community took immediate action.

The recovery plan involves reallocating funds and implementing enhanced security protocols to prevent future incidents. The community's vote in favor of the plan shows a collective commitment to trust and integrity within the platform.

Reinforcing Security and Community Trust

This incident reminds of the risks in DeFi platforms and the critical need for continuous security assessments. The swift response to Cetus's recovery efforts highlights the importance of quick action. 

Community involvement shows strong support and cooperation. This approach may set a precedent for handling similar situations in the future. Transparency and user protection remain key priorities in such efforts.

#SUI🔥 #Cetus #CetusRecovery
See original
The Sui community has approved a governance proposal to recover 162 million dollars in frozen assets following the Cetus exploit. The exploit, which took place on May 22, resulted in the theft of over 220 million dollars in digital assets from the decentralized exchange Cetus. However, the Sui validators acted quickly, managing to freeze 162 million dollars shortly after the incident. In a recent governance vote, the recovery proposal received overwhelming support with a 90.9% approval rate from the Sui validators. The approved plan states that the affected funds will be transferred to a multi-signature wallet and held in custody. These funds will remain under custody until they can be safely returned to the users affected by the exploit. Cetus aims for a complete recovery and a restart of its operations within a week. As part of this process, a dedicated compensation contract is being developed, which will undergo a thorough audit before its implementation. The incident and the subsequent response from the Sui community have sparked a debate about the role of validators in such situations. Some community members have expressed concerns about the centralization aspect of fund freezing by the validators, while others have praised the swift response and decisive action taken to mitigate the damage from the exploit. And what do you think? #CetusRecovery #CEXvsDEX101
The Sui community has approved a governance proposal to recover 162 million dollars in frozen assets following the Cetus exploit.
The exploit, which took place on May 22, resulted in the theft of over 220 million dollars in digital assets from the decentralized exchange Cetus. However, the Sui validators acted quickly, managing to freeze 162 million dollars shortly after the incident.
In a recent governance vote, the recovery proposal received overwhelming support with a 90.9% approval rate from the Sui validators. The approved plan states that the affected funds will be transferred to a multi-signature wallet and held in custody. These funds will remain under custody until they can be safely returned to the users affected by the exploit.
Cetus aims for a complete recovery and a restart of its operations within a week. As part of this process, a dedicated compensation contract is being developed, which will undergo a thorough audit before its implementation.
The incident and the subsequent response from the Sui community have sparked a debate about the role of validators in such situations. Some community members have expressed concerns about the centralization aspect of fund freezing by the validators, while others have praised the swift response and decisive action taken to mitigate the damage from the exploit.

And what do you think?

#CetusRecovery
#CEXvsDEX101
#Cetus #CetusRecovery can anyone have any updated news about cetus price will it recover? i am worried about its delisting will binance delist it? anyone news update kidly confirm
#Cetus #CetusRecovery
can anyone have any updated news about cetus price
will it recover?
i am worried about its delisting
will binance delist it?

anyone news update
kidly confirm
📉 $CETUS is showing signs of a rebound! 📈 Down 36% from its 30-day high of $0.2572 to $0.16423, but up 0.8% from $0.1656 today. RSI (35.84) hints at oversold conditions, while ADX (37.63) confirms a strong trend. Price nears the lower Bollinger Band ($0.13065), with support at $0.1373 (S1). 🎯 Target $0.1813 (R1) if it breaks up! Volume (12.62M) is steady, but OBV (-308M) shows selling pressure #WriteToEarnWCT #TradingSignals #CetusRecovery
📉 $CETUS is showing signs of a rebound! 📈 Down 36% from its 30-day high of $0.2572 to $0.16423, but up 0.8% from $0.1656 today. RSI (35.84) hints at oversold conditions, while ADX (37.63) confirms a strong trend.

Price nears the lower Bollinger Band ($0.13065), with support at $0.1373 (S1).

🎯 Target $0.1813 (R1) if it breaks up! Volume (12.62M) is steady, but OBV (-308M) shows selling pressure
#WriteToEarnWCT #TradingSignals #CetusRecovery
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