Cetus Protocol expresses regret over incident impact and plans to restore user trust in a community update.
The protocol intends to cover stolen assets using its reserves and seeks approval for a recovery plan through a community vote and a loan from the Sui Foundation.
Recovery efforts are contingent upon community vote success, with a commitment to start recovery regardless of the outcome.
Cetus issues formal apology, calls for unity in rebuilding the DeFi ecosystem, emphasizing transparency and accountability.