Cetus, a SUI and APTOS-based decentralized exchange (DEX), resumed operations a month after experiencing a massive hack.
Reports say the platform recovered $162 million in stolen funds and received $30 million in loans from the SUI Foundation to promote returns.
Cetus is back!
pic.twitter.com/tyq50vkeeg-Cetus🐳 (@cetusprotocol) June 8, 2025
Mixed Renewal: Meets large number of user complaints
In addition to resuming normal operations, Cetus has launched a rewards program to repay users affected by the recent hack. One user responding to X’s Crypto Platform post reported that 86% of his SUIs owned from Vault. However, another user is looking at the 27% gap in the defect-free liquidity pool (LP) and seeking an explanation of the lacking funds.
It is worth noting that after network variators freeze the hacker’s wallet, the SUI team recovered some of the stolen funds. The move has sparked heated debate across the crypto community, with many users questioning the decentralization of SUIs and questioning the practices that some validators can control network protocols because they have excellent voting power.
In a blog post after the attack, Cetus told users it patched the vulnerability, corrected all affected pool data, rebalanced assets and pools, and developed a reward strategy. Additionally, the Cetus team said they have started the process of security auditing of smart contracts before rebooting.
Related: As SUI Community votes end, $160 million from Cetus Exploit Funds moved to Multisig
Following the planned rewards, the team allocated 15% of the total Cetus supply, including all teams’ unconfirmed tokens, to compensate for affected users. However, it is worth noting that Cetus’ renewals have not come without complications, such as complaining that they cannot withdraw funds from the pool.
Despite the complaints, Cetus returned to the top 10 decentralized exchanges due to daily trading volumes soon after the renewal.
Related: CETUS price forecast for June 2025: Bearish momentum builds as key support levels are exposed to pressure
It can indicate positive development when judged at face value. However, most transactions may involve users who try to claim funds from the trading platform after a one-month wait period.
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