Cetus Protocol Relaunches After $223M Hack With Full Audits
Cetus used loan reserves and frozen assets to restore up to 99% of pool liquidity. Cetus Protocol, a decentralized exchange on the Sui and Aptos blockchains, …
Cetus utilized loan reserves and frozen properties to bring back up to 99% of swimming pool liquidity. Users will get CETUS tokens for losses, with 5% claimable now and more every month. Cetus added real-time monitoring and set asset flow limitations to stop future risks fast. Cetus Protocol, a decentralized exchange on the Sui and Aptos blockchains, has resumed operations after a $223 million make use of on May 22. According to Cetus, recovery across impacted swimming pools now varies from 85% to 99%, depending on the level of the initial drain. Additionally, Cetus distributed 15% of its native CETUS token supply to impacted users as compensation.
“The present advancements around the Cetus Protocol suggest a more active technique to help develop DeFi’s trust and strengthen Cetus’ role within the wider Sui ecosystem.”
The post Cetus Protocol Relaunches After $223M Hack With Full Audits appeared initially on Cryptotale.
Cetus utilized loan reserves and frozen assets to bring back up to 99% of pool liquidity. Users will get CETUS tokens for losses, with 5% claimable now and more every month. Cetus added real-time monitoring and set possession flow limits to stop future dangers fast. Cetus Protocol, a decentralized exchange on the Sui and Aptos blockchains, has resumed operations after a $223 million exploit on May 22. According to Cetus, recovery throughout affected swimming pools now varies from 85% to 99%, depending on the level of the preliminary drain. Additionally, Cetus distributed 15% of its native CETUS token supply to affected users as settlement.
“The current developments around the Cetus Procedure suggest a more active approach to assist develop DeFi’s trust and reinforce Cetus’ function within the more comprehensive Sui ecosystem.”
The post Cetus Protocol Relaunches After $223M Hack With Full Audits appeared initially on Cryptotale.
