Cetus Protocol Reacts to Hack with $30M Loan, Reboots Operations

Cetus Protocol has resumed operations after a major hack impacted its platform. The protocol received financial support in the form of a $30 million USDC loan from the Sui Foundation and allocated $7 million in reserves for recovery. This reboot comes as Cetus investigates legal actions to recover stolen assets. 15% of tokens are being held back for compensation, with 5% immediately accessible and 10% unlocking over one year starting June 2025. While the protocol has resumed operations, market reactions have been cautious, with no immediate comments from industry leaders or government officials.