{"id":24393,"date":"2025-05-30T15:03:59","date_gmt":"2025-05-30T12:03:59","guid":{"rendered":"https:\/\/forklog.com\/en\/cetus-team-unveils-recovery-plan\/"},"modified":"2025-05-30T15:03:59","modified_gmt":"2025-05-30T12:03:59","slug":"cetus-team-unveils-recovery-plan","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cetus-team-unveils-recovery-plan\/","title":{"rendered":"Cetus Team Unveils Recovery Plan"},"content":{"rendered":"<p>The Sui network community <a href=\"https:\/\/sui.scan.space\/vote\">approved<\/a> an emergency <a href=\"https:\/\/forklog.com\/en\/news\/sui-validators-approve-plan-to-restore-162-million-to-cetus-users\">update<\/a> necessary for the recovery of the decentralized exchange Cetus following a <a href=\"https:\/\/forklog.com\/en\/news\/hackers-drain-11m-from-cetus-pool-on-sui\">breach<\/a>. Over 90% of validators and stakers supported the decision during the vote.<\/p>\n<p>The DEX team expressed gratitude to participants and announced plans for a complete recovery and relaunch of the project in approximately one week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Within just 48 hours, the Sui community united to pass a critical on-chain vote \u2014 marking a pivotal moment for the entire ecosystem. Cetus extends our deepest gratitude to the >90% of validators and stakers who voted in favor. Regardless of your stance, your participation\u2026 <a href=\"https:\/\/t.co\/UN2DrlDRTw\">https:\/\/t.co\/UN2DrlDRTw<\/a><\/p>\n<p>\u2014 Cetus? (@CetusProtocol) <a href=\"https:\/\/twitter.com\/CetusProtocol\/status\/1928184814118785511?ref_src=twsrc%5Etfw\">May 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The relaunch phases include the following steps:<\/p>\n<ul class=\"wp-block-list\">\n<li>updating the Sui protocol \u2014 network validators will transfer frozen funds to a <a href=\"https:\/\/forklog.com\/en\/news\/singlesig-or-multisig-what-should-bitcoin-holders-choose\">multisig<\/a> wallet controlled jointly by Cetus, the auditing firm OtterSec, and the Sui Foundation;<\/li>\n<li>upgrading the CLMM contract \u2014 the completed update for emergency pool recovery is under audit;<\/li>\n<li>data recovery \u2014 the team will calculate liquidity losses in each attacked pool;<\/li>\n<li>asset conversion \u2014 due to the attacker&#8217;s actions, assets have changed. Cetus will conduct conversions with minimal market impact;<\/li>\n<li>compensation contract \u2014 currently under development and will be audited;<\/li>\n<li>product updates \u2014 peripheral modules will be adapted to the new CLMM contract;<\/li>\n<li>relaunch \u2014 all protocol functions will resume. LPs will regain access to liquidity, and remaining losses will be covered by the compensation contract.<\/li>\n<\/ul>\n<p>Cetus assured that they are working with partners for a safe and complete recovery.\u00a0<\/p>\n<p>Back on May 22, the DEX team <a href=\"https:\/\/forklog.com\/en\/news\/cetus-offers-hacker-6-million-for-return-of-20920-eth\">offered<\/a> the hacker $6 million for the return of 20,920 ETH. If agreed, the project promised not to contact law enforcement or disclose the attacker&#8217;s information.<\/p>\n<p>Experts from Dedaub <a href=\"https:\/\/forklog.com\/en\/news\/analysts-uncover-cause-of-cetus-hack\">explained<\/a> the Cetus breach as a vulnerability in the liquidity parameter checks of the automated market maker.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sui network community approved an emergency update necessary for the recovery of the decentralized exchange Cetus following a breach. Over 90% of validators and stakers supported the decision during the vote. The DEX team expressed gratitude to participants and announced plans for a complete recovery and relaunch of the project in approximately one week. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,787,1651],"class_list":["post-24393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-dex","tag-sui-sui"],"aioseo_notices":[],"amp_enabled":true,"views":"54","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24393"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24392"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}