May 28, 2025 – $CETUS Protocol has announced its commitment to fully repay users affected by the recent $223 million security breach that occurred on May 22, 2025. The incident, which shook the decentralized finance (DeFi) community, prompted swift action from both Cetus and the Sui Foundation to mitigate the impact and reassure users.

In a statement released via X (formerly Twitter), Cetus confirmed that it will cover the losses using a combination of its own cash reserves and tokens, alongside a loan provided by the Sui Foundation. Additionally, Cetus is seeking approval from the Sui community to unlock $162 million in funds that are currently frozen and off-network. This community vote, involving Sui validators and token holders, is a critical step in facilitating the full repayment plan.

#Cetus emphasized that, even if the vote does not pass, it remains committed to fully reimbursing all affected users, underscoring the company’s dedication to restoring trust and stability in the Sui DeFi ecosystem. The firm also acknowledged that the hack stemmed from a vulnerability in its trading system, which has since been addressed.

The $SUI Foundation is actively supporting Cetus during this crisis, including providing a loan to cover funds siphoned off the network. Furthermore, the Foundation has pledged $10 million toward enhancing platform security to prevent similar incidents in the future.

Cetus has assured the community that a detailed roadmap for user reimbursement and platform improvements will be shared soon. The collaborative efforts between Cetus and the Sui Foundation demonstrate a strong commitment to safeguarding users and strengthening the resilience of the DeFi ecosystem on #SUI🔥 .

Cetus is encouraging the Sui community to participate in the upcoming vote, which is vital to ensuring that all users are made whole. The firm views this initiative as an opportunity to reinforce the platform’s integrity and build a more secure and robust system for the future.

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