Odaily Planet Daily News Cetus Protocol officially stated that the protocol will be fully restarted at 3:00 UTC on June 8, 2025. Previously, Cetus's CLMM pool was hacked, resulting in a large loss of tokens.
After the restart, users will be able to access all functions of Cetus, including trading, managing liquidity positions, adding/removing liquidity, and collecting fees and rewards. The liquidity recovery rate of the affected pools is between 85% and 99%.
To make up for the losses, Cetus will allocate 15% of the token supply to compensate the contract, of which 5% will be available immediately upon restart and 10% will be unlocked linearly within 12 months from June 10, 2025.
The Cetus team has invested all available cash reserves (approximately US$7 million) and obtained a loan of 30 million USDC from the Sui Foundation to support the recovery. At the same time, the team is taking legal action in multiple jurisdictions to recover the remaining funds.