NEWS Despite Hack, CETUS Enters Top 10 DEXs by Trading Volume

[Doni]

Despite Hack, CETUS Enters Top 10 DEXs by Trading Volume
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CETUS, a decentralized exchange (DEX) built on the Sui and Aptos blockchains, has resumed operations a month after a major hack. The platform’s team managed to recover $162 million in stolen funds and secured a $30 million loan from the Sui Foundation.

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In addition to resuming normal operations, CETUS launched a compensation program for users affected by the hack. One user reported receiving 86% of their SUI tokens back, while another noted a 27% discrepancy in a supposedly untouched liquidity pool.


The Sui team returned part of the stolen funds after network validators froze the hacker’s wallet. Following the attack, CETUS informed users that it had fixed the vulnerability, corrected all impacted pool data, rebalanced assets and pools, and developed a compensation strategy.


Furthermore, before relaunching, a security audit of the smart contracts was initiated. To compensate affected users, the team allocated 15% of the total CETUS supply, including unallocated tokens held by team members.


Despite all the challenges, CETUS returned to the top 10 largest decentralized exchanges by daily trading volume after the relaunch. However, the restart wasn’t without complications, as users complained about being unable to withdraw funds from the pool.