Cetus Protocol dey back after $60M exploit: e restore liquidity, dey offer compensation, come go open source to rebuild trust
Cetus Protocol, one decentralized exchange (DEX) wey dey for Sui blockchain, don re-launch after one big hack for May 2025 wey make dem lose $60 million and services stop. After the hack, the protocol freeze $162 million assets, then dem re-launch on June 8 with $30 million recovery line from Sui Foundation. Cetus don restore 85–99% of the affected liquidity pools and start compensation plan, dem distribute 15% of their native CETUS token to people wey get affected—5% immediately and 10% go open over 12 months, wey mean say supply go increase by 5%. Other steps include making the platform open source for better security and transparency, start white-hat bounty program, and move to DAO governance. Law action still dey go after the people wey do the hack. Even though many users still dey cautious cause their previous loss and trust wahala, Cetus quick recovery, user payment, and open-source move set beta example for DeFi. For crypto traders, these moves fit help make CETUS and Sui ecosystem assets stable by bringing better market confidence, but short-term sentiment still cautious.
Neutral
Di first hack and di loss we e cause di bad feeling and user mistrust for Cetus Protocol. But di quick relaunch, di big recovery for liquidity pools, di clear compensation we dem give users, di move to open source di platform, plus di start of security programs don help reduce di immediate wahala. Even though some users still dey careful and die possible inflation wahala fit come from more CETUS token supply, di full recovery and di transparency plans fit help bring back confidence for medium to long term. For now, di market feeling for CETUS and di Sui ecosystem tokens na cautious but e dey show signs say e dey stable, so e make sense to call di price impact neutral.