Cetus Protocol, which was hit by one of the largest DeFi hacks in May, has relaunched with full functionality and recovery measures after a $223M exploit.
The exploit was due to an integer overflow vulnerability in a shared math library, allowing the attacker to drain significant liquidity from the platform.
Recovery efforts included $162M from the attacker, $7M from Cetus reserves, and a $30M USDC loan, restoring 85% to 99% of the original liquidity for affected LPs.
The structured recovery plan demonstrates the resilience of the Cetus Protocol team and Sui ecosystem, allowing users to trade with renewed confidence after the exploit.