Cetus Protocol Commits to Full Compensation for Hacked Users

Cetus Protocol, a blockchain protocol on the Sui network, has pledged to fully compensate users who suffered losses due to a recent security breach. The company will fund this compensation through its own reserves, its token treasury, and a loan from the Sui Foundation. If an upcoming community vote is approved, affected users could receive 100% reimbursement of their stolen assets. Cetus Protocol has emphasized that despite the voting process’s role in finalizing details, recovery efforts will begin immediately upon receiving the results, irrespective of the vote outcome. The company also promises a comprehensive plan detailing its recovery process. The protocol issued a public apology for the incident’s impact and urged the Sui community to unite in restoring trust and stability within the ecosystem.