Cetus Protocol Recovers Major Portion of Funds After $223M Hack

Following a significant liquidity exploit that led to a $223 million loss, the Cetus Protocol has begun the process of recovery. A remarkable feat of recovery saw the protocol reclaim nearly $162 million in funds after the attack on the Sui blockchain in May 2025. The rapid response and effective communication from the team have played a crucial role in stabilizing the platform. The recovery highlights the need for swift action and clear communication when dealing with major DeFi incidents, ensuring stability for users and promoting trust in decentralized exchanges.