Cetus Protocol has announced a major recovery plan in the wake of a recent security incident, offering full restitution for affected users.
In a community update titled “A Path Forward Together,” the DeFi protocol expressed deep regret over the event’s impact and outlined steps to restore user trust.
According to Cetus, the team is now in a position to cover all stolen assets using its own cash reserves and token treasuries. A key component of the plan is a critical loan from the Sui Foundation, which enables a path to 100% recovery for users—if the proposal is approved via an upcoming community vote.
The funds currently remain off-chain, and full recovery is conditional upon the success of this community-led initiative. Cetus emphasized the importance of collective action and urged full support from the Sui community during the voting process.
“We recognize that this is an extraordinary ask caused by our own shortcomings,” the team stated, “but we believe it’s the right step to make all users whole.”
Vote Outcome Will Shape Next Steps, Recovery Will Proceed Regardless
While the full repayment hinges on the vote outcome, Cetus has pledged to begin recovery efforts immediately after the vote, regardless of the result. A more detailed plan will be shared in the coming days.
The protocol also issued a formal apology to its users, partners, and the broader DeFi ecosystem, acknowledging the disruption caused. “Your trust is our top priority,” the message read, reaffirming the team’s commitment to transparency and accountability.
A Call for Unity in Rebuilding the Ecosystem
In closing, Cetus urged the community to rally behind the vote, support affected users, and contribute to the rebuilding of a more secure and resilient Sui-based DeFi environment.
This proactive approach, supported by both internal resources and external institutional backing, marks a critical moment in the platform’s path to recovery—and may set a precedent for incident response across decentralized finance.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/cetus-protocol-commits-to-100-user-recovery-after-incident/