5 days ago
Sui-based decentralized exchange (DEX) Cetus Protocol is backmost online pursuing a 17-day outage spurred by past month's $223 cardinal exploit.
The protocol recovered astir $162 cardinal worthy of stolen funds and is continuing ineligible enactment against the attacker, who did not respond to the DEX's requests to negotiate.
Sui stepped successful to compensate Cetus for the archetypal losses, issuing a indebtedness to reimburse impacted users connected May 28. DefiLlama data shows that Cetus' full worth locked (TVL) was $284 cardinal earlier the exploit and is present down to $124 million.
The attacker exploited a flaw successful Cetus' shared mathematics room contract, tricking the protocol into believing that 1 token was worthy millions of dollars.
Despite attempts to negociate and travel to a settlement, the attacker began laundering funds done coin-mixing work Tornado Cash.
Cetus has refilled the liquidity pools with betwixt 85% to 99% of their archetypal liquidity, meaning that users tin present commercialized connected the level without exceptional slippage.
The Cetus token (CETUS) has mislaid 44% of its worth implicit the past period and is down astir 1% implicit the past 24 hours, CoinMarketCap shows.
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