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Cetus Protocol Commits to 100% User Recovery After Incident

  • 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.

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