Cetus Protocol Secures $160M in Recovered Assets, Advances Recovery Plan

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-31 15:50:02

Cetus Protocol has successfully transferred over $160 million in recovered assets to a jointly controlled wallet, marking a critical milestone in its restoration efforts. The move, supported by over 90% of sui network validators, accelerates the protocol’s roadmap for contract upgrades and liquidity revival.

The funds are now held under multi-party oversight involving Cetus, the SUI Foundation, and security firm OtterSec. Transaction details remain publicly verifiable on SuiVision, ensuring transparency during the rehabilitation process.

Community engagement takes center stage with a scheduled June 2 Twitter Spaces event. The forum will address the hack’s aftermath, recovery progress, and future safeguards—mirroring the protocol’s commitment to stakeholder involvement.

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