The Cetus community has developed a recovery plan following a cyberattack that occurred on May 23, 2025. The majority of participants expressed the need for compensating frozen assets.
Recovery Plan After Cyberattack
The cyberattack on the Cetus protocol caused approximately $260 million in damages. 54% of community members supported a recovery plan that involves compensating frozen assets and covering losses with a $60 million SUI credit.
Investor Support for Recovery
In response to the attack, the Cetus community initiated efforts to prepare a recovery plan. Users sought swift solutions to secure both their investments and the protocol itself. The SUI Foundation announced a secured credit plan to cover losses.
Market Impact and Community Confidence
Analysts noted that elements supporting the 30% price increase of the Cetus token are related to the favorable voting results and financial backing from the SUI Foundation. Following the cyberattack, community members called for greater transparency and communication.
The community's approval of the recovery plan following the attack on the Cetus protocol suggests that user confidence in the crypto markets can be restored. Financial support, loss mitigation, and new price levels could significantly impact the platform’s future.
