Sui-based decentralized change (DEX) Cetus Protocol is again on-line following a 17-day outage spurred by final month’s $223 million exploit.
The protocol recovered round $162 million price of stolen funds and is constant authorized motion in opposition to the attacker, who didn’t reply to the DEX’s requests to barter.
Sui stepped in to compensate Cetus for the preliminary losses, issuing a mortgage to reimburse impacted customers on Might 28. DefiLlama knowledge exhibits that Cetus’ whole worth locked (TVL) was $284 million earlier than the exploit and is now all the way down to $124 million.
The attacker exploited a flaw in Cetus’ shared math library contract, tricking the protocol into believing that one token was price thousands and thousands of {dollars}.
Regardless of makes an attempt to barter and are available to a settlement, the attacker started laundering funds via coin-mixing service Twister Money.
Cetus has refilled the liquidity swimming pools with between 85% to 99% of their preliminary liquidity, which means that customers can now commerce on the platform with out distinctive slippage.
The Cetus token (CETUS) has misplaced 44% of its worth over the previous month and is down round 1% over the previous 24 hours, CoinMarketCap exhibits.
