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Cetus Protocol, the leading decentralized exchange on the Sui blockchain, has resumed operations after a $233 million exploit in May. The platform has recovered funds, secured a bridge loan, and launched a compensation plan for affected users.
- Cetus Protocol restored liquidity pools after a $233M exploit using a Sui Foundation loan and recovered funds.
- Affected users will receive CETUS tokens as compensation, with 15% of the supply allocated for this purpose.
- The Sui Foundation defended its coordinated response to the hack as an example of effective decentralization.
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Related Tags: Sui