Cetus Protocol has relaunched following a $220 million exploit that led to the platform’s closure. The exchange has committed to becoming fully open-source, with 15% of its native token supply set aside for affected users as part of their compensation plan. While a significant portion of funds have been recovered, the platform notes recovery rates varying from 85% to 99%. 22 days ago on May 22, Cetus faced a massive exploit that targeted the protocol’s pricing mechanism and resulted in token loss. The platform froze $162 million stolen as part of its response. This incident has significantly impacted trading volume, which fell from over $5 billion in April and May. The platform announced its relaunch on June 7th. Following the attack, Cetus initiated a recovery process that included restoring pool data to accurate pricing, undergoing security audits, and implementing improvements to their monitoring system. The company highlighted the significant efforts they’ve made, emphasizing that legal proceedings will likely occur in various jurisdictions as law enforcement agencies are involved.