Let's first talk about the compensation and reimbursement plan, as this is the most concerning issue for everyone.
➤ The following comes from the official announcement of Cetus:
1) The liquidity of unaffected pools remains unchanged, and users can operate normally.
2) The liquidity recovery rate of affected pools is between 85% and 99%, depending on the extent of the attack on each pool;
3) Remaining losses will be compensated by allocating 15% of $CETUS tokens (approximately $17.85 million based on current market value), with 5% immediately claimable, and 10% (original team share) will be unlocked linearly over 12 months. NFTs will be issued as proof of compensation for CETUS claims, and even if all liquidity is withdrawn in the future, the NFTs will not be destroyed.
4) Cetus will continue to pursue the hackers, and if funds are recovered, they will be deposited into the protocol treasury, and CETUS will be repurchased (approximately $61 million).
Hence, from Cetus's announcement, it is known that the official plan is to handle all users' losses within 12 months, determining the compensation value based on the price of Cetus tokens, and if funds are successfully recovered, a repurchase will occur.
The repurchase logic is a bit complex, let’s sort it out.
➤ Repurchase logic:
1) If funds are recovered during the 12-month compensation period, users will be able to claim compensation using USDC and repay the cleared foundation loan;
2) Roughly guessing the meaning: during the compensation period, prioritize compensating users, and if able, repay the foundation's loan as well;
3) It seems there are no extra opportunities/benefits, but there is a wounded NFT, which may have benefits if Cetus recovers;
4) If funds are recovered after the 12-month compensation period, this will lead to a substantial repurchase (approximately $61 million - unsettled foundation loans), marking the rebirth time for CETUS!
Next, let's calculate Cetus's compensation capability!
➤ Mathematical calculation:
0) The total loss from the hacker attack is approximately: $223 million
1) One source of recovery and compensation funds: funds recovered from the hacker, approximately $162 million;
2) Second source of recovery and compensation funds: Sui Foundation loan, approximately $30 million;
3) One source of recovery and compensation funds: Cetus treasury funds, approximately $7 million;
4) 15% of CETUS tokens currently valued at approximately $17.85 million;
5) Current funding exposure is: 223 - 162 - 30 - 7 - 1.785 = $6.15 million;
6) According to DeFiLlama data, from January to May 2025, protocol income was 14.28M - 9.05M = $5.23 million;
7) Given this calculation, if the foundation loan is not urgently repaid, it won't take long to clear the debt.
In summary, I can accept this handling result, as we didn't lose everything; the maximum short-term loss is 15% (depending on the price of Cetus and the recovered funds).
I checked, and my loss of USDT-USDC should have a recovery rate of about 89%, so the short-term loss is 11%. Today, recovering some compensation will probably be around 10.5%.
As for the hacker incident, there has been too much discussion, so I won't elaborate. Complaining is ineffective; what I hope to see is standing firm and responding positively.
I also hope that CetusProtocol can continue to work hard and earn more money.
Then, if possible, there's no rush to repay the SuiNetwork foundation's money; prioritizing repurchase might stabilize the token price and give confidence to the market!
If there are any unclear points, everyone can directly refer to the official announcement:
https://medium.com/@CetusProtocol/cetus-relaunch-incoming-recovery-plan-and-the-road-ahead-9fc0f8bd5c41