Cetus Protocol, affected by a hack, announces the restoration of its operations on the Sui blockchain. The attack, which occurred on May 25, 2025, resulted in losses of $223 million.
Operations Restoration on Sui
Cetus Protocol has confirmed the resumption of operations on the platform. The hack led to severe financial consequences, but recovery measures have somewhat mitigated the initial impact on liquidity.
Compensation Plans and Liquidity
Compensation plans aim to restore liquidity pools between 85% and 99%. While leadership has not commented publicly, the relaunch remains in focus with major exchanges acknowledging the details.
Financial Strategies and Consequences
Cetus's financial strategies include freezing $162 million, with the remaining $50 million unreachable. Research indicates that compensation methods draw from prior DeFi incidents.
The recovery of Cetus marks a critical step after a severe attack, yet its future success will depend on restoring user trust and ensuring platform resilience.
