Cetus to relaunch June 8 after on-chain recovery, $30M Sui loan, and $7M buyback; 15% of CETUS supply set for compensation

Cetus to relaunch June 8 after on-chain recovery, $30M Sui loan, and $7M buyback; 15% of CETUS supply set for compensation

𝕏/@cetusprotocol •

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Cetus announced that, pending community vote approval and successful release of locked funds, it will utilize its cash and token reserves plus a loan from the Sui Foundation to fully reimburse all affected users; regardless of the vote’s result, compensation will commence afterward, with a detailed plan forthcoming.

Cetus announced that, pending community vote approval and successful release of locked funds, it will utilize its cash and token reserves plus a loan from the Sui Foundation to fully reimburse all affected users; regardless of the vote’s result, compensation will commence afterward, with a detailed plan forthcoming.

𝕏/@CetusProtocol ·

Sui attributes the Cetus hack to Cetus’s faulty math library, not Sui or Move, but commits $10 million more for security audits, bug bounties, and formal verification to protect users.

Sui attributes the Cetus hack to Cetus’s faulty math library, not Sui or Move, but commits $10 million more for security audits, bug bounties, and formal verification to protect users.

𝕏/@SuiNetwork ·

Sui validators halt transactions from hacker linked to $220M Cetus exploit, highlighting the balance between decentralization and network security, says LegalBlock CEO Dr. Rasit Tavus.

Sui validators halt transactions from hacker linked to $220M Cetus exploit, highlighting the balance between decentralization and network security, says LegalBlock CEO Dr. Rasit Tavus.

DL News ·

A critical flaw in Cetus AMM’s liquidity calculation allowed hackers to exploit an overflow error, enabling them to drain $200 million from pools by manipulating LP positions with minimal token deposits.

A critical flaw in Cetus AMM’s liquidity calculation allowed hackers to exploit an overflow error, enabling them to drain $200 million from pools by manipulating LP positions with minimal token deposits.

Dedaub ·

Fake tokens exploited in $220M heist on Sui’s top DeFi DEX Cetus, shaking the blockchain’s biggest protocol.

Fake tokens exploited in $220M heist on Sui’s top DeFi DEX Cetus, shaking the blockchain’s biggest protocol.

DL News ·

Cetus update on today’s hack

Cetus update on today’s hack

𝕏/@CetusProtocol ·

Cetus announced that, pending community vote approval and successful release of locked funds, it will utilize its cash and token reserves plus a loan from the Sui Foundation to fully reimburse all affected users; regardless of the vote’s result, compensation will commence afterward, with a detailed plan forthcoming.

Cetus announced that, pending community vote approval and successful release of locked funds, it will utilize its cash and token reserves plus a loan from the Sui Foundation to fully reimburse all affected users; regardless of the vote’s result, compensation will commence afterward, with a detailed plan forthcoming.

𝕏/@CetusProtocol ·

Sui attributes the Cetus hack to Cetus’s faulty math library, not Sui or Move, but commits $10 million more for security audits, bug bounties, and formal verification to protect users.

Sui attributes the Cetus hack to Cetus’s faulty math library, not Sui or Move, but commits $10 million more for security audits, bug bounties, and formal verification to protect users.

𝕏/@SuiNetwork ·

Sui validators halt transactions from hacker linked to $220M Cetus exploit, highlighting the balance between decentralization and network security, says LegalBlock CEO Dr. Rasit Tavus.

Sui validators halt transactions from hacker linked to $220M Cetus exploit, highlighting the balance between decentralization and network security, says LegalBlock CEO Dr. Rasit Tavus.

DL News ·

A critical flaw in Cetus AMM’s liquidity calculation allowed hackers to exploit an overflow error, enabling them to drain $200 million from pools by manipulating LP positions with minimal token deposits.

A critical flaw in Cetus AMM’s liquidity calculation allowed hackers to exploit an overflow error, enabling them to drain $200 million from pools by manipulating LP positions with minimal token deposits.

Dedaub ·

Fake tokens exploited in $220M heist on Sui’s top DeFi DEX Cetus, shaking the blockchain’s biggest protocol.

Fake tokens exploited in $220M heist on Sui’s top DeFi DEX Cetus, shaking the blockchain’s biggest protocol.

DL News ·

Cetus update on today’s hack

Cetus update on today’s hack

𝕏/@CetusProtocol ·

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