Cetus Liquidity Aggregator Restored After $223 Million Hack

The Cetus liquidity platform has regained its fully functional liquidity aggregator following a significant breach impacting the Sui blockchain network, resulting in a $223 million loss. This crucial step marks a positive stride in addressing the platformโ€™s recent challenges and restoring trust with users. ๐Ÿ’ฐ ๐Ÿ›ก๏ธ ๐Ÿค ๐Ÿ” ๐Ÿ“ˆ The attack saw $162 million frozen by Sui validators, creating significant liquidity concerns and driving price drops for related tokens. The recovery process involved utilizing cash reserves, securing a loan from the Sui Foundation, and relying on community-driven governance to ensure funds’ return. ๐Ÿ’ธ ๐Ÿ—๏ธ Cetus has outlined its plans for full restoration, including protocol upgrades and product function revival. ๐Ÿ› ๏ธ Community members voted overwhelmingly in favor of the plan to restore funds. ๐Ÿ—ณ๏ธ ๐Ÿ™