Cetus Protocol, a decentralized change (DEX) on the Sui blockchain, suffered a $220 million exploit on Could 22, 2025, involving a pretend token that drained liquidity
Cetus Protocol, a decentralized change (DEX) on the Sui blockchain, suffered a $220 million exploit on Could 22, 2025, involving a pretend token that drained liquidity. In response, the venture has dedicated substantial sources to revive its platform and liquidity swimming pools.
The protocol formally relaunched on June 8, 2025. To replenish liquidity, Cetus recovered belongings by means of an on-chain vote, rebalanced swimming pools, and allotted $7 million from its treasury alongside a $30 million mortgage from the Sui Basis. Following these efforts, Cetus has restored roughly 50% of its peak whole worth locked (TVL), round $120 million, regaining its place because the main DEX within the Sui ecosystem.
The restoration plan consists of compensating affected liquidity suppliers with money and future tokens, aiming to revive 85% to 99% of the stolen belongings. Moreover, associated tasks similar to Haedal’s HaeVault have additionally resumed operations. The relaunch marks a important step in Cetus Protocol’s restoration from the exploit and its continued function in DeFi on the Sui blockchain.
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