Sui-based Decentralized Exchange (DEX) Cetus protocol is back online after a 17-day power stop spurred on last month’s exploitation of $ 223 million.
The protocol recovered about $ 162 million worth of stolen funds and continues lawsuits against the striker who did not respond to DEX’s requests to negotiate.
SUI stepped in to compensate Cetus for the original losses, issuing a loan to prove affected users on May 28. Defillama -Data shows that Cetus’ total value locked (tvl) was $ 284 million before exploitation and is now down to $ 124 million.
The striker took advantage of an error in Cetus’ shared mathematical library contract and tricked the protocol into believing that a token was worth millions of dollars.
Despite attempts to negotiate and get to a solution, the striker began to launder funds through the coin mixture Service Tornado Cash.
Cetus has refilled the liquidity pools by between 85% to 99% of their original liquidity, which means that users can now act on the platform without unique sliding.
Cetus Token (Cetus) has lost 44% of its value over the past month and is down about 1% over the last 24 hours, CoinMarketcap shows.
