#Cetus promises full recovery after Hacking
#CetusProtocol , the leading decentralized exchange (DEX) on the blockchain #SUİ , announced a significant plan to compensate users affected by the $260 million hack on May 22, 2025.
Thanks to the funds from its treasury and a crucial loan from the Sui Foundation, Cetus assures that it can cover 100% of the stolen assets that were transferred out of the network, provided that the community approves a vote to recover $162 million in frozen funds.
The vote, which seeks to authorize a protocol update to return the assets without altering the blockchain history, is critical for the total recovery.
Cetus expressed deep regret for the impact of the incident, committing to initiate compensation immediately after the vote, regardless of the outcome, and will develop a detailed plan.
The platform seeks the unanimous support of the Sui community to approve the proposal, emphasizing its commitment to restoring trust and strengthening the Sui DeFi ecosystem.