Cetus Protocol is set to fully restart in June 2025 and will allocate 15% of tokens to compensate for the losses from the hacker incident.

MetaverseInvestor · 2025-06-08T01:24:38+00:00

Cetus Protocol officially announced that it will restart on June 8, 2025, restoring all functionalities and compensating affected users with 15% of their Tokens. Previously, the protocol's CLMM pool suffered a severe loss due to a Hacker attack. After the restart, the Liquidity recovery rate will be between 85%-99%. The team has invested $7 million in cash and obtained a $30 million USDC loan, and is currently pursuing legal action to recover losses.

MetaverseInvestor

2025-06-08 01:24:38

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News, the Cetus Protocol official stated that the protocol will fully restart on June 8, 2025, at 3:00 UTC. Previously, Cetus’s CLMM pool suffered a Hacker attack, resulting in significant Token losses. After the restart, users will be able to access all features of Cetus, including trading, managing liquidity positions, adding/removing liquidity, and claiming fees and rewards. The liquidity recovery rate of the affected pools is between 85% and 99%. To compensate for the losses, Cetus will allocate 15% of the tokens for the compensation contract, of which 5% will be available for withdrawal immediately upon restart, and 10% will be unlocked linearly over a 12-month period starting from June 10, 2025. The Cetus team has invested all available cash reserves (approximately $7 million) and secured a loan of 30 million USDC from the Sui Foundation to support recovery efforts. At the same time, the team is taking legal action in multiple jurisdictions to recover the remaining funds.

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