Cetus Promises Full Repayment Following $223 Million Hack

After a significant $223 million theft from its protocol on May 22, 2025, Cetus Protocol has taken steps to address the incident and reassure affected users. The company outlined plans for full reimbursement, including utilizing its own resources, funds from the Sui Foundation, and a loan to secure all lost assets. A crucial vote will be required to unlock $162 million in funds frozen on the network, contingent upon community support. 📢 Cetus has provided a detailed update regarding this incident and the steps it is taking to remedy the situation.