Cetus Protocol May Achieve Up to 99% Liquidity Recovery Following Exploit With Sui Foundation Support
The post Cetus Protocol May Achieve Up to 99% Liquidity Recovery Following Exploit With Sui Foundation Support appeared on BitcoinEthereumNews.com. Cetus Protocol has successfully relaunched following a significant exploit, achieving an impressive liquidity recovery rate of up to 99%, signaling a robust rebound in the Sui ecosystem. The recovery was bolstered by a strategic $30 million USDC loan from the Sui Foundation alongside $7 million from Cetus’ reserves, enabling immediate restoration of trading and liquidity management functionalities. According to an official COINOTAG statement, “Cetus will allocate 15% of the tokens for compensation contracts, with 5% immediately available upon restart and 10% to be linearly unlocked over 12 months starting from June 10, 2025.” Cetus Protocol restarts after exploit with up to 99% liquidity recovery, supported by a $30M loan from Sui Foundation, restoring trading and user rewards swiftly. ‘, ‘
The post Cetus Protocol May Achieve Up to 99% Liquidity Recovery Following Exploit With Sui Foundation Support appeared on BitcoinEthereumNews.com.
Cetus Protocol has successfully relaunched following a significant exploit, achieving an impressive liquidity recovery rate of up to 99%, signaling a robust rebound in the Sui ecosystem. The recovery was bolstered by a strategic $30 million USDC loan from the Sui Foundation alongside $7 million from Cetus’ reserves, enabling immediate restoration of trading and liquidity management functionalities. According to an official COINOTAG statement, “Cetus will allocate 15% of the tokens for compensation contracts, with 5% immediately available upon restart and 10% to be linearly unlocked over 12 months starting from June 10, 2025.” Cetus Protocol restarts after exploit with up to 99% liquidity recovery, supported by a $30M loan from Sui Foundation, restoring trading and user rewards swiftly. ‘, ‘
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