After the Shocking Hack, Altcoin Project Pledges to Refund – Can Trust Be Restored?
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After the Shocking Hack, Cetus Pledges to Refund 100% – Can Trust Be Restored?
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The $223 million hack on May 22, 2025 shook the crypto community, but the Cetus protocol on the Sui ecosystem did not stand still!
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They took action quickly:
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Transferred $160 million in frozen assets to a multi-signature wallet, co-managed by Cetus, Sui Foundation, and OtterSec.
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Committed to refunding 100% of user losses from the Cetus treasury and the Sui Foundation loan.
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Host a community chat on Twitter Space on June 2 to update progress and answer questions.
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Despite the CETUS token price dropping more than 4% after the incident, the refund announcement has pushed the price up +30% from the bottom!
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Is this the turning point for Cetus to regain trust?
Cetus' transparent and responsible actions show its efforts to protect users in the risky DeFi landscape. But with the volatile market, what do you think about the future of the project?
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