SUI REBIRTH!
#CetusProtocol RETURNS AFTER $223M HACK AND RECOVERS $162M
The decentralized exchange #Cetus Protocol, based on the #SUİ blockchain, has managed to come back online after a 17-day outage caused by a massive $223 million exploit last month.
Crucially, the protocol has managed to recover approximately $162 million of the stolen funds.
SUI Intervention: The SUI blockchain intervened directly to compensate Cetus for the initial losses, issuing a loan on May 28 to reimburse affected users.
Security Flaw: The attacker exploited a vulnerability in Cetus' shared math library contract, manipulating the protocol into believing a token was worth millions of dollars.
Impact on TVL: Before the exploit, Cetus' Total Value Locked (TVL) was $284 million, and has now dropped to $103 million, reflecting the short-term loss of confidence.
