🚨 Cetus Protocol Relaunches June 9 After Security Recovery 🚨
Cetus Protocol (CETUS) will relaunch with full functionality on June 9, 2025 at 06:00 UTC, following a comprehensive recovery and restructuring effort after a recent security breach.
🔒 Security Incident Recap
Cetus CLMM pools were exploited via a vulnerability in an open-source library, leading to major liquidity disruption. The team has since identified the issue and implemented key safeguards.
🛠 Recovery Measures
$7M committed from the Cetus treasury
$30M USDC loan secured from the Sui Foundation
Assets reclaimed through on-chain rebalancing
Community-led governance and voting shaped the path forward
💸 Compensation Plan for CETUS Holders
15% of CETUS total supply allocated:
5% vested at relaunch
10% vested linearly over 12 months
🗣 "Our team has worked day and night. We're grateful for the community's trust and are ready to relaunch stronger," the team stated.
📅 Mark Your Calendars: Full protocol functionality resumes June 9 @ 06:00 UTC.
