SUI-Based Cetus DEX Bounces Back After $162M Exploit, Pledges Stronger Ecosystem Future

Cetus, a decentralized exchange on the sui blockchain, has initiated a full-scale recovery following a $162 million exploit on May 22nd. While $102 million of the stolen funds were mitigated, $60 million remains outstanding. The platform temporarily suspended operations to conduct a thorough security audit and address vulnerabilities.

The DEX announced the relaunch of its CLMM pools service on June 8th, emphasizing this as a step beyond recovery. "This demonstrates our resilience and long-term dedication to the SUI ecosystem," the team affirmed. The announcement revealed community divisions, underscoring the challenges in restoring trust.

Collaboration with Sui validators allowed the quarantine of stolen assets, and a $30 million credit line from the Sui Foundation strengthened recovery efforts. Resetting affected pool data marks a key milestone in operational recovery, though rebuilding user confidence may lag behind technical repairs.