TechFlow news, May 25 — Cetus released a community update disclosing the following key points:
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The affected funds consist of two parts: one portion within Sui, and another primarily bridged out of the ecosystem in the form of ETH.
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Data recovery efforts for the Cetus protocol are actively underway and are expected to take dozens of hours.
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The aggregator service has been restored and now supports swaps through partners such as Phantom and Binance Alpha. Cetus CLMM pools confirmed unaffected by this incident will resume operations once accurate position data is fully restored.
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Active discussions are ongoing with the Sui Foundation and other community members to finalize critical recovery details.
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Two parallel tracks are being pursued: (1) negotiating with the white hat to resolve the issue as quickly as possible; (2) actively gathering leads and evidence to facilitate fund recovery through legal channels.
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Different recovery scenarios are being simulated, and technically feasible fund recovery and compensation plans are being designed.
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A proposal has been made to conduct a PoS vote for a protocol upgrade to unlock and return the majority of the stolen funds currently frozen in the attacker’s Sui wallet.
Previous report, on May 22, Cetus Protocol officially announced that it had suffered a hack resulting in the theft of approximately $223 million.
