Cetus Protocol has officially relaunched its platform, marking a significant milestone in its recovery efforts following a major security breach in May 2025.
The recovery plan includes a strategic $30 million USDC loan from the Sui Foundation and a $7 million reserve contribution from the Cetus team to restore liquidity and compensate affected liquidity providers.
According to COINOTAG, the protocol’s commitment to not mint additional tokens post-recovery has been pivotal in regaining user trust and stabilizing market sentiment.
Cetus Protocol resumes full operations with a $30M USDC loan and asset recovery, aiming to restore liquidity and confidence after a major breach in May 2025.
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On June 8, 2025, Cetus Protocol resumed full platform functionality after a disruptive security breach in May. This relaunch is underpinned by a comprehensive recovery strategy that leverages both recovered assets and external financial support. A key component of this strategy is a substantial $30 million USDC loan provided by the Sui Foundation, which, combined with $7 million from the protocol’s reserves, aims to replenish liquidity pools and stabilize the ecosystem. The protocol’s leadership has emphasized transparency and user protection by pledging not to mint additional CETUS tokens, a move designed to maintain token value and reassure stakeholders.
The relaunch has been met with cautious optimism from the crypto community and market analysts. Users have expressed confidence in the protocol’s transparent communication and commitment to compensating liquidity providers affected by the breach. Market data reflects this sentiment, with CETUS token prices experiencing a modest rebound, rising approximately 6.96% following the announcement. Despite a recent 4.64% dip within 24 hours, trading volumes surged by nearly 186%, indicating heightened investor interest and activity. These dynamics suggest that while challenges remain, the recovery plan is fostering renewed market engagement.
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Source: https://en.coinotag.com/cetus-protocol-may-resume-operations-with-30-million-usdc-loan-and-recovery-measures/