Summary
- Cetus has announced a promise to fully compensate victims of a $260 million hacking loss.
- Compensation will begin immediately after the community vote, with various methods planned for fund recovery.
- This compensation policy is seen as an important step to restore community trust.
The Sui (SUI)-based decentralized exchange (DEX) Cetus (CETUS), which suffered a hacking loss of $260 million, announced on the 27th (local time) via its official X (formerly Twitter) that it would "fully compensate all victims."
Cetus stated, "If the community vote passes and the frozen funds are recovered, we plan to fully compensate using cash and virtual assets on hand, as well as loans from the Sui Foundation," emphasizing that "the compensation process will begin immediately after the vote, regardless of the outcome."
Previously, Cetus, one of the major DEXs in the Sui ecosystem, suffered a loss of $260 million due to hacking. This full compensation policy is being evaluated as a strong measure to restore community trust.
Meanwhile, Sui is trading at $3.6863, up 6.46% from the previous day, based on the Binance Tether (USDT) market as of 04:01 on the 28th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
