Cetus DEX Resumes Operations Following $223 Million Exploit Recovery
The Sui-based decentralized exchange (DEX) Cetus Protocol resumed operations after a 17-day suspension due to a $223 million exploit.
- Cetus recovered approximately $162 million of stolen funds and is pursuing legal action against the attacker.
- Sui provided a loan on May 28 to reimburse affected users for initial losses.
- Total value locked (TVL) in Cetus dropped from $284 million pre-exploit to $124 million currently.
- The exploit involved a flaw in Cetus' shared math library contract, leading to inflated token valuations.
- The attacker began laundering funds through Tornado Cash despite settlement attempts.
- Cetus has replenished liquidity pools with 85% to 99% of their original amounts, reducing slippage for trades.
- The Cetus token (CETUS) has decreased by 44% over the past month and 1% in the last 24 hours.