The CETUS protocol, a noble decentralized exchange that suffered $220 million in May, said it is working on open source after the recent reboot.
Attackers exploit the shortcomings of pricing agencies Extract tokens from Cetus’s main liquidity pool May 22. protocol Solved to freeze $162 million The funds were stolen soon after.
Cetus’s trade volume has been trend Before the attack, despite closing after May 22, more than $5 billion was raised in April and $5 billion was registered in May.
CETUS liquidity pool supplements loans and reserves
In a mid-term post on June 7 (one day before the restart), the CETUS team explain Through the new White Bounty Program, it is heading towards a fully open source trend to “encourage collective technological and security contributions.”
As part of the restart, the team said it was “overall clocks” and patched a software vulnerability that allowed hackers to attack Restore pool data Pricing was determined correctly and security audits were conducted for all code fixes and contract upgrades.
Using $7 million in cash reserves, $30 million ($30 million) supplements the affected liquidity pool (USDC) Recycled asset loans from the SUI Foundation and some from attackers.
However, according to the CETUS team, not all affected pools have been fully recovered, with the current recovery rate ranging from 85% to 99%, depending on how many pools are discharged during the attack.
CETUS puts aside tokens for compensation plans
As part of the compensation plan for affected users, 15% of the original token supply of CETUS for the protocol is put aside, offering 5% immediately, starting June 10 next year, with 10% linear unlocks per month.
CETUS tokens have dropped more than 12% in the past 24 hours and are trading at $0.11, according to It is for men and women.
It is also planned to upgrade the protocol monitoring system and conduct another round of security audits.
The agreement is still chasing funds
Cetus said the legal proceedings are still in the litigation, with legal proceedings initiated in “multiple jurisdictions” and law enforcement agencies are also “actively involved.”
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“The attackers ignored our previous white hat offer and have begun trying to launder money – a futile, traceable behavior. We highly believe it is only a matter of time before we successfully arrest and restore the remaining assets.”
The day after the hacker attack, Cetus provided White hat bounty up to $6 million If they return the stolen 20,920 ether exploiters (theyeth), worth over $55 million, and frozen $162 million of stolen funds SUI Blockchain.
