Cetus Protocol Announces Full Compensation Plan After $223 Million Exploit

Cetus Protocol has pledged to compensate users affected by a significant security breach that resulted in the theft of $223 million from its decentralized exchange on the Sui network. The incident highlights vulnerabilities in DeFi infrastructure and has prompted swift action from Cetus leadership and the Sui Foundation, including asset freezing and a $5 million reward for information leading to the arrest of the hacker. )