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Decentralized trading platform on Sui
Sui
$ 17.75 million
Protocol,, returns via the internet after a The issue of security in May led to extinguishing.
According to a 7. June Post on MediaThe team is currently Opening its public code and offers safety rewardswith the aim of preventing similar incidents in the future.
Authorities in several regions have been involved since then, and legal steps are in the course. According to the Cetus team, the hacker began to try to move the funds, but they believe that recovery is still possible.
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Team stated that they were Fixed the mistake, updated smart contracts and made security checks. As part of this procedure, they also adapted to the pool prices to reflect the correct values.
Financing for recovery came from several sources. They included $ 7 million from a platform reserve, a $ 30 million loan in USDC
USDC
0,9942 USD
from Sui The Foundation and some of the frozen property taken away from the attacker.
Nevertheless, not every liquidity pool is completely renewed. Depending on the extent of the damage, Recovery levels are currently ranging from 85% to 99%.
The users affected by the attack are compensated by the token distribution plan. Fifteen percent of the native platform for the Cetus token supply is set aside. Five percent will be available immediately, while the remaining 10% will be published every month for a year, which begins on June 10th.
On May 2, Cetus shared a recovery plan for a return of $ 162 million frozen property. What did the plan on included? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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