Cetus Protocol will relaunch on June 8, 2025, at 3:00 UTC. Full platform features will return, and users will regain access to swaps, liquidity management, and rewards. This follows a critical security breach that disrupted several pools and caused major asset losses.
The attacker used a flaw in an open-source library and drained tokens by performing on-chain swaps. This disrupted price equilibria and drained user liquidity from several pools. The Cetus team responded immediately after the attack.
They closed the exploit, salvaged the assets, and got backing from the Sui community and the foundation. An on-chain vote approved returning the quarantined assets. The tokens were rebalanced and reintegrated.
Liquidity restored, pools recovered strong
Cetus also put $7 million from its treasury and took a $30 million USDC loan from the Sui Foundation. These funds helped restore almost all the affected pools. The liquidity in the pools afterward ranges between 85% and 99%, depending on the exposure of each pool.
Users from the affected pools will have their positions restored. Their NFTs will serve as evidence for their CETUS compensation. These tokens will cover the rest of the losses. Cetus set aside 15% of the total CETUS supply for compensation.
Of this amount, 5% will be available at launch. The remaining 10% will unlock in equal parts over 12 months, beginning June 10, 2025. This distribution includes all of the team’s unvested tokens. The supply limit remains unchanged.
Cetus moves toward resilient growth
Meanwhile, Cetus has initiated legal proceedings to track down the hacker and reclaim more assets. It has law enforcement on its side, and any additional fund recovery would be a win for the users. If recovered within the restitution period, users can exchange CETUS for USDC.
If then, the funds would support buybacks and the community treasury. The team promises better monitoring, additional audits, and improved risk control. Cetus will also become open-source developed. New security programs and a white hat bounty will follow.
A new feature and an updated roadmap will be released in future products. The relaunch is more than just a comeback; it epitomizes the determination of a protocol that has suffered but was rebuilt with purpose. The team now focuses on growth that is secure and resilient. Cetus moves forward again, stronger yet safer, while still true to its DeFi vision.
