Cetus Protocol restarts platform after recovering from $223 million vulnerability

According to The Block, Cetus, a DEX protocol based on Sui and Aptos, completed a reboot on June 8th after 17 days of a $223 million attack. The agreement involves the verifier freezing and recovering $162 million in assets, and utilizing $7 million in cash reserves and a $30 million USDC loan provided by the Sui Foundation to restore the affected liquidity pool to 85% -99% of its initial value. The remaining losses will be compensated linearly over 12 months using CETUS tokens. Cetus Protocol has announced plans to launch a new round of comprehensive audits in the future, upgrade the real-time monitoring system of the protocol, launch a new white hat bounty program, and modify the roadmap for upcoming product features.