B4Bit

06/10 04:31

Crypto exchange CETUS is back after a major

Crypto exchange CETUS is back after a major exploit

The decentralized exchange CETUS, operating on the Sui and Aptos networks, has resumed operations after a $162 million exploit that forced it to suspend operations for a month.

A $30 million loan from the Sui Foundation and a partial refund of the funds enabled the restoration .

Trading has resumed and CETUS has launched a refund program. Some users have reported that they have recovered most of their funds, while others have reported missing balances and unresolved issues, sparking new complaints.

The recovery of the funds was partially achieved by freezing the hacker’s wallet via Sui validators – an action that sparked debate over the protocol’s decentralization as critics questioned the influence of heavily weighted validators in voting.

CETUS claims to have fixed the vulnerabilities, rebalanced the pools, and started new audits before returning.

To support affected users, the team has allocated 15% of its total CETUS token supply, including the team's unallocated tokens, for compensation.

Despite technical improvements, some users are still reporting withdrawal issues. However, CETUS has now returned to the top 10 DEX rankings by volume, although much of the activity is likely due to users recovering blocked funds rather than renewed investor confidence.

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