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CETUS STRIKES BACK! $162 MILLION UNLOCKED After Daring Hack!

VICTIMS TO BE FULLY REIMBURSED! STUNNING TURN OF EVENTS!

In a jaw-dropping twist, nearly 91% of validators on the Sui network gave the green light to release a staggering $162 million that was caught in the crossfire of last week’s Cetus exploit! That’s right, folks – the decentralized exchange (DEX) is ready to reimburse users and kickstart full operations again!

Cetus announced with excitement that the wild 48-hour referendum wrapped up on May 29, with over two-thirds of the network rallying behind this monumental decision. Talk about community power!

HACK REPARATIONS ARE HERE!

The vote sets the stage for a massive recovery effort, directing validators to transfer the frozen assets into a multi-signature wallet managed by Cetus, security auditors OtterSec, and the Sui Foundation. In a bold statement, the foundation took a victory lap, declaring the funds will remain securely locked until Cetus rolls out its repayment plan. “Your voice counts—this is governance in action!” they applauded the stakers and node operators for their rapid response.

This landmark decision quells the nail-biting anxiety that followed the notorious May 22 attack, which drained a jaw-dropping $223 MILLION in liquidity! The attackers even managed to bridge around $61 MILLION over to Ethereum before validators could hit the brakes, leaving that massive $162 MILLION stranded on Sui!

On May 27, Cetus told the community it could cover the bridged funds with reserves and a short-term loan from the foundation, but it wouldn’t be possible without community backing to unlock the frozen stash.

ROADMAP TO REVIVAL – 8 STEPS TO GLORY!

Get ready, because Cetus has laid out an eight-step recovery plan aimed at a complete relaunch within just ONE WEEK! Buckle up, because validators are gearing up to execute a major protocol upgrade that will shift those locked assets into a tri-party wallet!

Engineers haven’t been twiddling their thumbs – an emergency update to the concentrated-liquidity market-maker contract is already complete and set for audit! The team is laser-focused on restoring pool data, crunching individual liquidity deficits, and flipping those recovered tokens back to their original glory!

But wait – there’s more! The attackers wreaked havoc with extensive swaps during the exploit, so Cetus will deploy “minimal-impact strategies” to steer clear of any further losses while rebalancing their pools.

Cetus is all-in on transparency during this tumultuous recovery week, promising detailed progress reports while their dedicated staff is “fully mobilized” to hit the ground running!

Funds will be whisked away to the multi-sig wallet the moment validators finalize the upgrade. This is the moment we’ve all been waiting for! The path is clear for Cetus to reimburse users and launch their exchange back into the stratosphere!

Stay tuned, because the drama of the Cetus hack is far from over!