Cetus relaunches June 8 with 85–99% liquidity restored, backed by a $30M loan and $7M treasury funds for pool recovery.
Affected LPs receive CETUS token compensation with 15% supply allocated, starting June 8 and vesting monthly over 12 months.
Legal action spans multiple jurisdictions as Cetus tracks the hacker, confident in recovering more stolen funds and securing justice.
Cetus Protocol will officially relaunch on June 8, 2025, at 3:00 UTC, following a $220 million exploit that shook the platform. The team has confirmed a recovery plan that restores 85% to 99% liquidity for affected pools. A $30 million USDC loan from the Sui Foundation, along with $7 million from Cetus’ treasury, helped refill the depleted pools. Besides asset recovery, the team committed 15% of CETUS token supply for user compensation. The relaunch includes swaps, liquidity provisioning, and position management.
Key Measures Taken to Secure the Protocol
Following the attack, Cetus swiftly identified and patched the vulnerability in the CLMM-dependent open-source library. Moreover, the team collaborated with Sui validators to reclaim stolen tokens through an on-chain governance vote. These assets were carefully rebalanced via OTC and CEX trades to minimize slippage. Additionally, the entire codebase and compensation system underwent multiple security audits.
Furthermore, the team revised all affected pool data to realign with market conditions. The aim was to maintain price stability and pool integrity. Consequently, users from unaffected pools retain full access to their original positions without any changes.
Compensation Structure and Future Recovery Outlook
For affected LPs, each position NFT now acts as a claim certificate for CETUS compensation. Even after withdrawing full liquidity, NFTs will remain unburned due to their proof role. Cetus allocated 15% of its token supply to compensation. This includes the team’s remaining 10% unvested tokens.
5% of CETUS tokens become claimable immediately at relaunch. Meanwhile, the remaining 10% will unlock monthly over 12 months starting June 10. The compensation plan reflects the team’s prioritization of community recovery over internal interests. Additionally, if new assets are recovered in the future, users can opt to exchange CETUS for USDC. Recovered funds will also be used to repay Sui Foundation’s loan or buy back CETUS tokens.
Pursuit of Justice and Ongoing Legal Action
Legal proceedings have already begun in several jurisdictions. Multiple agencies are involved in tracking the attacker. Despite ignoring a whitehat offer, the attacker’s laundering attempts remain traceable. Hence, the team remains confident in eventual asset recovery and justice.
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