Cetus Releases Community Update: Aggregator Service Restored, Simulating Different Fund Recovery Plans
ChainCatcher reports that Cetus, which was hacked and had $223 million stolen, has released a community update, with the main disclosures including:
1. The affected funds consist of two parts: one part is within Sui, and the other is mainly bridged out of the ecosystem in the form of ETH.
2. The data recovery work for the Cetus protocol is actively underway and is expected to take several dozen hours.
3. The aggregator service has resumed online, supporting exchanges through partners like Phantom and Binance Alpha. It has been confirmed that the Cetus CLMM pools, which were unaffected in this incident, will resume operation once accurate position data is fully restored.
4. Active discussions are ongoing with the Sui Foundation and other community members to finalize the key details of the recovery.
5. Two directions are being pursued simultaneously: (1) resolving the issue as soon as possible through white-hat negotiations; (2) actively gathering clues and evidence to recover funds through legal channels. 6. Different recovery plans are being simulated, and technically feasible fund recovery and compensation plans are being designed.
7. A proposal has been made to upgrade the protocol through PoS voting to unlock and return most of the stolen funds currently frozen in the attacker's Sui wallet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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