Summary
- The Sui (SUI)-based decentralized exchange (DEX) Cetus announced that it has resumed platform operations after a large-scale hacking loss.
- The liquidity pool has recovered to the 85~99% level, and Cetus revealed it secured a $30 million loan from the Sui Foundation.
- Cetus shared plans to implement additional audits, real-time monitoring system upgrades, and a white hat bounty program.
Cetus (Cetus), a decentralized exchange (DEX) based on Sui (SUI) that suffered a large-scale hacking incident last month, is resuming its operations.
According to The Block, a media outlet specializing in virtual assets (cryptocurrency), Cetus restarted its platform from Sunday, and reported that liquidity pool recovery required for the platform’s relaunch had reached the 85~99% level.
Cetus obtained a $30 million loan from the Sui Foundation to restore liquidity and is also planning further comprehensive audits, real-time monitoring system upgrades, and a new white hat bounty program.
Cetus stated, “The attacker ignored previous white hat proposals and began laundering assets,” but added, “Since this is sufficiently traceable, the recovery of assets is only a matter of time.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
