The Cetus protocol is set to relaunch on June 8, 2025, after a significant $223 million exploit on the Sui blockchain. Following community involvement and multisig governance measures, Cetus will implement a comprehensive recovery plan that prioritizes transparency and secure fund redistributions. The protocol’s recovery highlights the crucial role of community-driven governance in addressing such incidents. Cetus has collaborated with the Sui Foundation and OtterSec to execute this strategy. This involves utilizing the Sui Foundation’s emergency funding and Cetus’s own treasury for fund recovery and redistribution. 50% of governance votes supported the recovery plan, demonstrating active participation and a commitment to resolving the hack’s impact.