PANews May 25 report, in response to community concerns regarding issues 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 internal to Sui, while the other part is primarily bridged to the ecosystem in the form of ETH. The team is progressing on two fronts to recover the funds through white-hat negotiations and legal means, and is proposing to unlock frozen assets through a Sui community PoS vote. The data recovery work of the Cetus protocol is actively underway and is expected to take several dozen hours. The aggregator service has been restored and supports exchanges through partners such as Phantom and Binance Alpha. The aggregator service has no explicit dependency on the liquidity pools 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 operations once accurate holding data is fully restored.
Cetus has not 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 direction of effort are to maximize fund recovery and to collaborate with the Sui ecosystem and validating nodes (full recovery of funds requires the joint effort of the entire ecosystem).
