Cetus Protocol to Restart on June 8, with LP Recovery Rate Reaching 85%-99%

Odaily Planet Daily News: Cetus Protocol has announced that the protocol will fully restart on June 8, 2025, at 3:00 UTC. Previously, Cetus's CLMM pool suffered a hacker attack, resulting in significant token losses. After the restart, users will be able to access all of Cetus's features, including trading, managing liquidity positions, adding/removing liquidity, and claiming fees and rewards. The liquidity recovery rate for the affected pools is between 85% and 99%. To compensate for the losses, Cetus will allocate 15% of the tokens for compensation contracts, of which 5% will be available for immediate withdrawal at the time of the restart, and 10% will be linearly unlocked over 12 months starting from June 10, 2025. The Cetus team has committed all available cash reserves (approximately $7 million) and secured a loan of 30 million USDC from the Sui Foundation to support the recovery. Meanwhile, the team is taking legal action in multiple jurisdictions to recover the remaining funds.