The Cetus Protocol will officially resume operations on June 8, 2025, at 11:00 AM (Beijing Time), having completed a comprehensive recovery plan for the CLMM liquidity pool attack incident.

🛡️ Incident Overview: Hackers exploited vulnerabilities in open-source libraries related to CLMM to launch attacks, causing significant losses and leading to severe price fluctuations in the liquidity pool.

✅ Recovery Measures Implemented:

Fixed security vulnerabilities and completed a full system audit

Collaborated with Sui validators to recover some stolen assets

Secured a $30 million USDC loan from the Sui Foundation

Used all of Cetus's reserve funds (approximately $7 million) to replenish liquidity

Launched a compensation plan: using 15% of the total supply of CETUS tokens (5% distributed immediately, 10% to be distributed in installments over 12 months)

💧 Liquidity Recovery Status:

Affected liquidity pools have been restored to 85%–99%

LP positions are functioning normally, with NFTs serving as proof of claim

⚖️ Tracking the Attackers: Cetus has initiated lawsuits in multiple countries and continues to track the attackers. If more assets are recovered, users can choose to exchange the compensation CETUS for USDC or participate in the buyback plan.

🚀 Comprehensive Restart Plan: Cetus will upgrade monitoring systems, expand audit scope, launch a bug bounty program, and accelerate new product development, committed to building a safer DeFi future for the Sui ecosystem.