Cetus Protocol Surges 30% After Security Breach Recovery Plan

Cetus Protocol (CETUS) has experienced a significant price surge, increasing by nearly 30% in the past 24 hours. This recovery follows a major security breach that occurred on May 22, 2025, where hackers exploited the protocol and stole approximately $223 million. The Cetus team responded swiftly by locking their contracts to prevent further theft and managed to pause $162 million of the compromised funds. The protocol collaborated with the Sui Foundation and other ecosystem partners to trace the stolen assets and engaged professional anti-cybercrime organizations and law enforcement agencies for support.

The market sentiment around Cetus Protocol shifted dramatically with the announcement of a comprehensive plan to reimburse affected users fully. The protocol revealed that they could achieve 100% recovery of stolen funds through a combination of treasury assets and a critical loan from the Sui Foundation. This recovery plan is contingent on an upcoming community vote to unlock the paused funds. The Sui Foundation’s loan makes complete reimbursement possible for all affected users, and the protocol has asked the Sui community to support the upcoming vote for fund recovery.

Technical analysis indicates strong bullish momentum for CETUS, with the token breaking above key resistance levels. The daily trading range spans from $0.1302 to $0.1697, while the weekly range extends from $0.1219 to $0.2455. Immediate support sits at $0.1302, with resistance at $0.1697. If the current momentum continues, the token could surge past the weekly high of $0.2455 and target higher levels. However, traders should closely monitor the $0.1219 support level, as a break below could signal a potential reversal. The sustainability of the recovery depends on the outcome of the community vote and the successful recovery of funds.