Hacked Cetus (CETUS) "Focused on Resolving the Situation... Will Compensate Victims"

The Sui (SUI)-based decentralized exchange (DEX) Cetus (CETUS), which recently suffered a hacking incident, announced that it is fully committed to resolving the issue and plans to compensate the victims. Previously, on the 22nd (local time), Cetus had approximately $260 million worth of virtual assets (cryptocurrency) stolen.

On the 25th (local time), Cetus stated through its official community, "We have maintained a 24-hour response system since the incident occurred and are fully committed to resolving the issue," and "Plans for victim compensation will be announced later." They also mentioned, "All affected assets on the Sui network have been frozen," and "We are currently discussing recovery plans with validators for assets that have been leaked externally."

There was also a response to the community's criticism regarding the delay in the official announcement. Cetus explained, "The official stance was delayed as we were negotiating a clear recovery plan with the Sui Foundation and various stakeholders," and "We will additionally announce a clear and practical recovery plan as soon as possible."

Finally, they reiterated the compensation for victims. Cetus stated, "We will take all measures to recover the funds of affected users as much as possible," and "We are currently mobilizing all capabilities to recover the stolen funds. As soon as the scale of the recovered assets becomes clear, a specific compensation plan will be announced."

However, it is expected that it will take some time for the protocol to operate normally. According to Cetus, the full recovery of the protocol is expected to take more than several hours.

As of 4:46 PM, Cetus is trading at $0.1534, down 5.55% from 24 hours ago, based on the Binance USDT market.