Yougetnone  pfp
Yougetnone
@yougetnone
👀 The Sui-based decentralized exchange Cetus has relaunched after being hacked on May 22 with damages of over $220 million. To replenish liquidity, the team used: 🔘compromised assets worth $162 million recovered as a result of the vote, which the hacker did not have time to withdraw; 🔘available funds from the treasury in the amount of ~$7 million; 🔘a loan from the Sui Foundation in the amount of $30 million. The liquidity of the pools affected by the attack was restored by 85-99%. For full compensation, the project will allocate 15% of the total supply of $CETUS tokens
0 reply
1 recast
7 reactions