The Sui ecosystem Cetus has resumed today, investing 7 million USD and receiving 30 million USDC in loan support for recovery.

CryptoFuturist · 2025-06-08T02:25:34+00:00

Cetus officially announced a restart on June 8, allowing users to access all functions, with a liquidity recovery rate between 85% and 99%. A 15% Token compensation contract will be allocated, and some Tokens will be available for collection at the time of the restart. The team has invested $7 million and received a $30 million USDC loan to support the recovery, and is taking legal action to recover stolen funds.

CryptoFuturist

2025-06-08 02:25:34

Abstract generation in progress

On June 8, Cetus, the Sui ecological liquidity platform, officially announced that it will restart at 9 UTC+8 today. Users will be able to access all of Cetus’ features, including trading, managing liquidity positions, adding/removing liquidity, and claiming fees and rewards, with liquidity recovery rates ranging from 85% to 99% for affected pools. Cetus will allocate 15% of the token supply to compensate the contract, of which 5% will be immediately claimable upon reboot and 10% will be unlocked linearly over 12 months from June 10, 2025. The Cetus team said it has invested about $7 million in all available cash reserves and secured a loan of 30 million USDC from the Sui Foundation to support the recovery. At the same time, the team is taking legal action in multiple jurisdictions to recover the remaining stolen funds.

SUI-2,67%

CETUS0,75%

USDC0,04%

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.

16 Likes