Cetus Secures $160M After Hack – Recovery Phase Underway

Cetus Protocol has successfully recovered $160 million in stolen assets, now secured in a multisig wallet controlled jointly by Cetus, the Sui Foundation, and security firm OtterSec. The MOVE follows overwhelming community approval of the recovery plan, marking a critical step toward restoring stability.

The team is working around the clock to execute its roadmap, including contract upgrades, liquidity restoration, and preparations for relaunch. A public discussion with the sui community is scheduled for June 2nd on X (formerly Twitter) to provide transparency on the breach and recovery efforts.

This development underscores Cetus’s commitment to regaining trust and operational continuity after the exploit. The protocol’s proactive measures highlight the growing resilience of decentralized ecosystems in addressing security challenges.