The CETUS Protocol, an original central exchange that has suffered a huge exploitation of $ 220 million in May, says it is now working to go to an open source after its recent re -launch.
One of the attackers used a defect in the pricing mechanism to drain the symbols from the main liquidity gatherings of CETUS on May 22. The protocol managed to freeze $ 162 million of stolen money shortly after.
The volume of trade was on Citos Go To the top before the attack, he recorded more than $ 5 billion in April and another $ 5 billion in May, despite the closure after May 22.
Citos liquidity that was assembled with loan and reserves
On June 7, the day before its re -launch, the CETUS team He said It is moving to be completely open, with a new white reward program, to “encourage technical and security contributions.”
As part of the restart, the team says it “worked around the clock” and correcting the security vulnerability, which allowed penetration, restoring the assembly data to the right pricing and has been carried out safety audits on all the reforms of the programming instructions and contracting promotions.
The affected liquidity pools were renewed using a mixture of $ 7 million of cash reserves, a USDC loan (USDC) from the Sui Foundation and some of the attacker’s assets.
However, not all the entirely affected complexes were restored, with the current recovery rate between 85 % and 99 %, depending on the amount of the pool during the attack, according to the CETUS team.
CETUS sets aside icons for the compensation plan
As part of the compensation plan for affected users, 15 % of the original distinctive symbol supplies are allocated to the protocol, CETUS, with 5 % available immediately and 10 % are not linearly preserved every month over the next year, starting from June 10.
The CETUS code has decreased more than 12 % in the past 24 hours, trading at $ 0.11, According to To Coingecko.
There are also plans to upgrade the protocol monitoring system and have additional rounds of security audits.
The protocol is still chasing money
CETUS said that legal procedures are still on cards, as legal procedures were launched in “multiple judicial states” and law enforcement agencies “also actively involved”.
Related to: 2.1 billion dollars The encryption was stolen in 2025, as infiltrators convert the focus from code to users: CERTIK
The team said: “The striker has ignored our previous offer of the white hat and began to try to wash the assets – a sterile act and can be followed.
The next day of the penetration, CETUS offered White Hat’s reward for up to $ 6 million to exploit if they returned to 20,920 of the ether (ETH), worth more than $ 55 million, along with $ 162 million in the stolen money frozen on Sui Blockchain.
magazine: Bitcoin $ 110 $ ‘bull trap’, James Wynn loses $ 25 million BTC: Hodler’s Digest, 1-7 June
Related Articles
