Cetus announces today that it will restart: allocating 15% Token to compensate users, supported by a 30 million USDC loan from the Sui Foundation.

robot
Abstract generation in progress

On June 8, news came that the Sui ecosystem liquidity platform Cetus officially announced that it will restart today at 9 AM UTC+8. Users will have access to all of Cetus’s features, including trading, managing liquidity positions, adding/removing liquidity, and claiming fees and rewards, with the liquidity recovery rate for the affected pools between 85% and 99%. Cetus will allocate 15% of the tokens for contract compensation, with 5% immediately available for claim at the restart, and 10% to be unlocked linearly over 12 months starting from June 10, 2025. The Cetus team stated that it has invested all available cash reserves of approximately 7 million USD and secured a loan of 30 million USDC from the Sui Foundation to support the recovery. Meanwhile, the team is taking legal action in multiple jurisdictions to recover the remaining stolen funds.

CETUS-2.25%
SUI0.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)