Cetus Protocol Crisis: Frozen Funds Spark Emergency Overhaul—Can They Deliver?
DeFi’s latest drama unfolds as Cetus Protocol faces a liquidity freeze—prompting a high-stakes rescue mission. Here’s the breakdown.
The freeze heard ’round crypto: Users woke up to locked funds as Cetus hit a critical bug. No sugarcoating—this was a full-system choke.
Band-aid or breakthrough? The team’s deploying what they call a ’radical patch,’ bypassing traditional audits for speed. Risky? Absolutely. Necessary? They’re betting their reputation on it.
The V-word on everyone’s lips: Vague promises of ’full reimbursement’ circulate while lawyers sharpen their pencils—because nothing says ’trust us’ like legalese in a Telegram chat.
Meanwhile in TradFi land... Bankers sip champagne watching DeFi’s self-custody dreams collide with cold, hard code. The irony’s thicker than a bull market order book.
After a recent security problem, well-known DEX, Cetus Protocol has shared an easy-to-understand update with its community. They discussed frozen funds, how they are trying to get the money back, and what will happen next. The team wants everyone to know they are wo... Read More
