🐳 What happened with CETUS and why did it rise again?

Cetus Protocol (CETUS), the leading decentralized exchange (DEX) in the Sui ecosystem, suffered a massive hack on May 23, where over $223 million USD was lost due to an attack on several liquidity pairs.

This caused a sharp decline in the price of the CETUS token.

🔧 But the team acted quickly:

• ✅ Compensation to users: CETUS announced that it would cover the losses with its reserves.

• 🏦 Support from the Sui Foundation: They received a direct loan from the Sui Foundation to recover.

• 🔒 Enhanced security measures: They promised to improve their infrastructure to prevent future attacks.

👉 Thanks to this, CETUS rose again by more than 28%, trading today at around $0.1617 USD

⚠️ What to keep in mind:

• The security of DEXs remains an inherent risk.

• There could still be volatility in the coming days.

• It is a young and evolving project.

🔍 Recommendation:

If you are going to buy CETUS, do so as a high-risk / high-potential investment. Ideally, allocate only a small part of your portfolio and stay informed.

$CETUS what do Binance gurus think?