CETUS token spikes 25% amid plans to fully recover hacked funds
The post CETUS token spikes 25% amid plans to fully recover hacked funds appeared on BitcoinEthereumNews.com. Cetus (CETUS) token is up 25% as price jumps on positive news. The Cetus Protocol team has announced a potential 100% recovery for victims of the recent hack. Bulls could break above $0.18 to target recent highs of $0.25. Cetus Protocol (CETUS) is among altcoins to post double-digit gains over the past 24 hours, gaining by over 25% as Cetus announces potential 100% recovery for victims of the protocol’s May 22, 2025 hack. The CETUS token traded to highs of $0.17 in early trading on May 28, 2025, rising sharply from around $0.13 amid Cetus Protocol and Sui Foundation’s announcement. As the decentralised exchange and liquidity protocol’s token surged, daily volume shot to $188 million, up more than 178% in the past 24 hours. Cetus saw its market cap rise to $113 million. Sui supports plan to reimburse users affected by Cetus hack Cetus Protocol’s native token surged on Wednesday as the project’s team and Sui Foundation announced support for plans to recover frozen funds. Main agenda of this development is the initiating of a recovery plan that could see users impacted by the $223 million Cetus hack on May 22, 2025. This follows a proposal for a community vote to have over $160 million in frozen hack funds and $60 in stolen funds recovered. Cetus also looks to tap into a loan from Sui Foundation to refund users who lost assets as a result of the security breach. “We have great news,” Cetus posted on X. “Using our cash and token treasuries, we are now in a position to fully cover the stolen assets currently off-chain if the locked funds are recovered through the upcoming community vote. This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible.” The Sui community has…
The post CETUS token spikes 25% amid plans to fully recover hacked funds appeared on BitcoinEthereumNews.com.
Cetus (CETUS) token is up 25% as price jumps on positive news. The Cetus Protocol team has announced a potential 100% recovery for victims of the recent hack. Bulls could break above $0.18 to target recent highs of $0.25. Cetus Protocol (CETUS) is among altcoins to post double-digit gains over the past 24 hours, gaining by over 25% as Cetus announces potential 100% recovery for victims of the protocol’s May 22, 2025 hack. The CETUS token traded to highs of $0.17 in early trading on May 28, 2025, rising sharply from around $0.13 amid Cetus Protocol and Sui Foundation’s announcement. As the decentralised exchange and liquidity protocol’s token surged, daily volume shot to $188 million, up more than 178% in the past 24 hours. Cetus saw its market cap rise to $113 million. Sui supports plan to reimburse users affected by Cetus hack Cetus Protocol’s native token surged on Wednesday as the project’s team and Sui Foundation announced support for plans to recover frozen funds. Main agenda of this development is the initiating of a recovery plan that could see users impacted by the $223 million Cetus hack on May 22, 2025. This follows a proposal for a community vote to have over $160 million in frozen hack funds and $60 in stolen funds recovered. Cetus also looks to tap into a loan from Sui Foundation to refund users who lost assets as a result of the security breach. “We have great news,” Cetus posted on X. “Using our cash and token treasuries, we are now in a position to fully cover the stolen assets currently off-chain if the locked funds are recovered through the upcoming community vote. This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible.” The Sui community has…
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