{"id":43287,"date":"2025-05-28T12:50:23","date_gmt":"2025-05-28T09:50:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43287"},"modified":"2025-05-28T12:38:31","modified_gmt":"2025-05-28T09:38:31","slug":"cetus-100-percent-fund-recovery-223-million-hack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/cetus-100-percent-fund-recovery-223-million-hack\/","title":{"rendered":"Cetus DeFi Crisis: Will Funds Be Reimbursed After the Hack"},"content":{"rendered":"<h2>Cetus Recovery Strategy<\/h2>\n<p><span data-contrast=\"auto\"><strong>DEX<\/strong> and liquidity infrastructure provider Cetus, operating on Sui, announced that users affected by the $223 million exploit on May 22 can recover 100% of their funds through a community vote. This recovery process will depend on the results of the upcoming community voting. Cetus stated:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">\u201cBy utilizing our cash and token reserves, if the locked funds are recovered via the upcoming community vote, we are currently in a position to fully cover the stolen assets that are currently off-chain.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">Cetus noted that this includes a critical loan from the <strong>Sui Foundation<\/strong>. Thus, 100% recovery is possible for all affected users. The protocol emphasized that the recovery is entirely dependent on the community vote results.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">\u201cSince full recovery depends on the community vote outcome, we humbly ask for the full support of the Sui community through the upcoming vote to reclaim the funds,\u201d they said.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">Protocol acknowledged that this decision is an extraordinary demand forced by the circumstances but believes it is the right and fair decision, especially for those affected. Regardless of the outcome, the protocol stated that recovery efforts will begin immediately and expressed determination to \u201c<strong>put things back on track<\/strong>.\u201d This announcement came after some Sui-based tokens lost up to 90% of their value. Cetus\u2019 own token, CETUS, lost 50% during the attack. The protocol also plans to allocate <a href=\"https:\/\/coinengineer.net\/blog\/sui-10m-security-investment-after-cetus-hack\/\"><strong>$10 million<\/strong><\/a> for audits, bug bounty programs, and official verification.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce2 New Progress Update \u2013 A Path Forward Together!<\/p>\n<p>Since the incident, we have reflected deeply on the incident and its impact on our users, partners, and the broader ecosystem. We are deeply sorry and take this responsibility seriously. Today, we want to share a meaningful step\u2026<\/p>\n<p>&mdash; Cetus\ud83d\udc33 (@CetusProtocol) <a href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1927434763125531045?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-contrast=\"auto\">Cetus explained that the origin of the <strong>(SUI)<\/strong> attack was a vulnerability in the open-source library code of the <strong>Concentrated Liquidity Market Maker<\/strong> (CLMM) pool smart contract. The attacker exploited an overflow control bug to manipulate the pool liquidity. Following the <strong>$223 million hack<\/strong>, Cetus offered the <a href=\"https:\/\/coinengineer.net\/blog\/cetus-offers-6-million-bounty-after-220-million-hack\/\"><strong>attacker<\/strong><\/a> a $6 million <strong>\u201cwhite hat\u201d<\/strong> reward in exchange for fund return and a promise not to pursue legal action. However, no response has yet been received. This incident reignited the debate on the balance between security and decentralization in the <strong>DeFi<\/strong> ecosystem.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cetus Recovery Strategy DEX and liquidity infrastructure provider Cetus, operating on Sui, announced that users affected by the $223 million exploit on May 22 can recover 100% of their funds through a community vote. This recovery process will depend on the results of the upcoming community voting. Cetus stated:\u00a0 \u201cBy utilizing our cash and token<\/p>\n","protected":false},"author":36,"featured_media":42943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[16592,9301,16589,16593,16594,93,16591,16588,16595,1820,16590],"class_list":["post-43287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-223-million-dollar-hack","tag-cetus","tag-cetus-hack-recovery","tag-community-vote-recovery","tag-decentralized-exchange-hack","tag-defi","tag-defi-security-breach","tag-exploit","tag-liquidity-pool-vulnerability","tag-sui","tag-sui-blockchain-hack"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cetus DeFi Crisis: Will Funds Be Reimbursed After the Hack - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/cetus-100-percent-fund-recovery-223-million-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cetus DeFi Crisis: Will Funds Be Reimbursed After the Hack - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Cetus Recovery Strategy DEX and liquidity infrastructure provider Cetus, operating on Sui, announced that users affected by the $223 million exploit on May 22 can recover 100% of their funds through a community vote. 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