Cetus Protocol Secures $500K Loan from Sui Foundation to Compensate Hack Victims, Vows Relaunch

Jun 8, 2025 06:00 pm Cryptocurrency 191

Key Takeaways:

Crisis Averted: Cetus Protocol, a prominent DEX and liquidity protocol on the Sui network, has secured a $500,000 emergency loan following a significant security exploit.

Ecosystem Support: The loan was provided directly by the Sui Foundation, demonstrating a strong commitment to supporting key projects and protecting users within its ecosystem.

User Compensation: The primary purpose of the funds is to create a compensation plan for all users affected by the recent exploit, a critical step in rebuilding community trust.

Path to Relaunch: With the financial backing secured, the Cetus team has announced plans to relaunch the protocol and resume operations, signaling resilience in the face of the attack.

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