Cetus Protocol Reopens Following Major DeFi Exploit, Restoring 99% Liquidity

The decentralized exchange Cetus Protocol has resumed operations following a major security breach in May that resulted in a $223 million loss. The exploit targeted the protocol’s smart contracts, causing an artificial inflation of deposited tokens and draining significant liquidity. The attacker’s action was halted by Sui blockchain validators, freezing $162 million of stolen funds, which were later returned to Cetus. 💸 🔐