Cetus coin currently has a market value of 120 million
The stolen funds are around 60 million, and although there is a promise of 100% compensation, they need to clear their own team's interests + borrow 30 million from the Sui Foundation, which may barely allow them to repay.
The future returns for retail investors in the protocol are definitely not sustainable at a high level for long, and it will be difficult to attract new users again, especially since they still have to repay the loan. It's like a project team that has lost its fanbase,
there’s a high probability that the protocol's growth will be hindered, and the business is cut off by half.
Although they won't let it drop rapidly, they will likely hold on for a while, and then if the market trends downward, they might sell off even more, so for a project that has already suffered a significant loss, I usually don’t dare to get involved.
From the perspective of an outsider, when it comes to money 💰, if a person has been given a chance and can't manage it well, how could you possibly trust them again the second time?
That's the general idea. #Cetus