menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Cetus Prot...
source image

Coindoo

1M

read

414

img
dot

Image Credit: Coindoo

Cetus Protocol Relaunches After $223M DeFi Exploit, Restores Up to 99% Liquidity

  • 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.

Read Full Article

like

24 Likes

For uninterrupted reading, download the app