$USDC Cetus announces that they will restart today at 9 AM, with a liquidity pool recovery rate between 85% and 99%

BlockBeats news, on June 8, the liquidity platform of the Sui ecosystem, Cetus, officially announced that they will restart today at 9 AM UTC+8. Users will be able to access all Cetus features, including trading, managing liquidity positions, adding/removing liquidity, and claiming fees and rewards, with the affected pool recovery rate between 85% and 99%.

Cetus will allocate 15% of the tokens for the compensation contract, of which 5% will be immediately available after recovery, and 10% will be opened linearly over 12 months starting from June 10, 2025. The Cetus team stated that they have invested all available cash reserves of around 7 million dollars and obtained a loan of 30 million USDC from the Sui Foundation to support the recovery. At the same time, the team is taking legal action in various jurisdictions to recover the remaining stolen funds.