Cetus Protocol to Relaunch June 8 2025 After Hack Recovery

Cetus protocol is set to relaunch on June 8, 2025, at 3:00 UTC, following a comprehensive recovery plan after a significant hack targeting its CLMM pools. The hack resulted in substantial token losses, prompting the protocol to implement enhanced security measures and restore assets using funds from the Cetus treasury, a Sui Foundation loan, and recovered assets from the attacker. The relaunch aims to reestablish functionality and confidence in the protocol, with compensation for liquidity losses offered through CETUS tokens. The protocol has committed to preventing inflation by adjusting the vesting schedule of these tokens.

This recovery plan underscores the importance of robust security measures in the cryptocurrency ecosystem. The hack on Cetus highlights the vulnerabilities that protocols face and the need for continuous improvement in security protocols. The decision to use a combination of treasury funds, loans, and recovered assets demonstrates a proactive approach to mitigating the impact of the hack and ensuring the protocol's sustainability. The compensation plan, which involves the distribution of CETUS tokens, aims to restore trust among users and liquidity providers who were affected by the incident.

The relaunch of Cetus protocol on June 8, 2025, marks a significant milestone in its recovery journey. The enhanced security measures and the restoration of assets are crucial steps in rebuilding user confidence and ensuring the protocol's long-term viability. The commitment to preventing inflation through the adjustment of the vesting schedule of CETUS tokens further underscores the protocol's dedication to maintaining the value and stability of its ecosystem. As the cryptocurrency industry continues to evolve, incidents like the Cetus hack serve as reminders of the importance of vigilance and the need for continuous innovation in security protocols.