Cetus Protocol Resumes Operations After Exploit, Achieving High Liquidity Recovery

After a significant exploit caused liquidity loss, the Cetus Protocol has successfully restarted operations. The protocol boasts 85%-99% of its liquidity recovered. This relaunch allows users to regain access to trading and rewards claiming, while also offering them access to core services. A $30 million USDC loan from the Sui Foundation aided this recovery process, along with a further $7 million from internal reserves. The protocol’s compensation plan for affected users involves an allocation of 15% of tokens, with immediate release of 5% upon restart and the remaining 10% distributed over a period of twelve months starting June 10th, 2025. This recovery measure aims to re-establish trust within the user community and provide confidence in the protocol’s future stability.