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Cetus Protocol Announces Readiness to Compensate Stolen Assets

  • Cetus Protocol announces readiness to compensate stolen assets using its own reserves and UI Foundation will support the recovery through a liquidity bridge.
  • Following a security incident resulting in a loss of $223 million, Cetus Protocol assured users of full compensation even if core capital remains frozen at the hacker's addresses.
  • SUI Foundation is ready to provide a loan for the liquidity bridge required to restore activity, pending a vote by the SUI community to activate the $160 million frozen at hacker's addresses.
  • CETUS token surged by 23% to $0.15 post-announcement of compensation plans, showing a positive market response.

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