Cetus Protocol resumed after a $ 223 million attack: “This is not just a re -opening, but a renewal”
Cetus Protocol reopened his platform after a $ 223 million attack on May 22nd. A total of $ 162 million was frozen and taken back. With the support of Sue Foundation's $ 30 million, the pools were restructured.
🔁 Return after 17 days of silence
The decentralized stock market Cetus Protocol, which operates in SUİ and APTOS blocks, started to operate after the abuse of 223 million dollars on 22 May. The platform was reused by compensation for liquidity pools by 85 %to 99 %within 17 days after the attack.
💸 162 million dollars have been rescued, the remaining cetus token will be paid
After the attack, the validators in the sui network freeze the $ 162 million asset and recycled Cetus. However, the SUİ Foundation was used by 30 million USDC credit, and Cetus’s $ 7 million reserves were used in the reconstruction of pools.
The remaining damage will be compensated for the next 12 months as Cetus Token, according to a linear lock opening plan. Cetus announced that if there are other recovers in the future, LPs will be transferred directly.
⚠️ Mathematical weakness: “Checked_SHLW” function
The attack stem from a ‘Integer Overflow’ error in a common mathematics library. In the function “Checked_SHLW , this deficit enabled the attacker to reach billions of dollars of liquidity with only 1 token. Security company Slowmist said that the attacker planned this gap two days in advance and carried out the real attack after an unsuccessful trial.
👤 In attacker follow -up: laundering attempt via Tornado Cash
According to Cetus, the attacker rejected the protocol’s white hat offer and began to launder his funds with mixing services such as Tornado Cash. However, the team states that this initiative is “in vain and watched”:
“The attacker continues to follow our trace, but we are sure that the arrest and the remaining funds are only a matter of time.”
🔍 Future Plan: More Audit and White Hat Program
Cetus is preparing to go to radical changes in the system after this abuse:
A new real -time monitoring infrastructure
Expanded Code Controls
White hat award program
Reconstruction of the road map
Platform officials describe this process as “not a reelman, but a rebirth”.
📉 Token response: Cetus lost 44 %value
During this process, Cetus Protocol’s local Token, Cetus, received a heavy blow with a 44 %drop, compared to Coingecko data. However, the rapid recovery steps of the platform aim to rebuild investor confidence.
