cetus

OKX will delist the DEGENUSDT and CETUSUSDT perpetual contracts on December 26, 2025, at 16:00. When the contracts are delisted, trading for these contracts will be halted, all user orders will be canceled, and the arithmetic average of the OKX index one hour before delisting will be used as the settlement price. After the contracts are delisted, users with a position value greater than $10,000 will be restricted from transferring any assets in their trading accounts, and normal operations will resume after 30 minutes.

OKX will stop the borrowing feature for DEGEN/USDT and CETUS/USDT on December 18, 2025, at 15:00, and will suspend leveraged trading and spot borrowing services for the related trading pairs from December 23, 2025, 14:00 to 16:00. Please ensure to repay your borrowed assets in a timely manner before the service is offline to avoid triggering the system's forced repayment.

ChainCatcher news, Cetus DLMM (Dynamic Liquidity Market Maker) is now officially launched. This milestone is not only a historic moment for Cetus but also a significant breakthrough for the Sui ecosystem, aimed at bringing new liquidity, precision, and programmability to Sui DeFi.Cetus invites all partners to participate in the beta testing, interact with the DLMM liquidity pool, and share your feedback to help us continuously optimize. This is not just a launch, but a step towards unlocking new possibilities in DeFi, while redefining capital efficiency on Sui.

ChainCatcher news, the Sui ecosystem liquidity platform Cetus officially announced that it will restart today at 9 AM (UTC+8). Users will be able to access all features of Cetus, including trading, managing liquidity positions, adding/removing liquidity, and claiming fees and rewards, with the liquidity recovery rate for affected pools ranging from 85% to 99%.Cetus will allocate 15% of the tokens for compensation contracts, with 5% available for immediate withdrawal upon restart, and 10% to be unlocked linearly over 12 months starting from June 10, 2025. The Cetus team stated that they have invested all available cash reserves of approximately $7 million and secured a loan of 30 million USDC from the Sui Foundation to support the recovery. Meanwhile, the team is taking legal action in multiple jurisdictions to recover the remaining stolen funds.

ChainCatcher message, the Sui ecosystem liquidity platform Cetus officially announced that the Cetus liquidity aggregator is back online. The Cetus CLMM routing is temporarily closed and will be opened later. A full restart of Cetus is coming soon.According to previous reports, on May 31, Cetus announced plans to complete a full recovery and restart in about a week, which includes protocol upgrades, data recovery, restarting the upgraded CLMM contracts, and fully restoring all paused product features (including LP functionality), etc.

ChainCatcher news, the SUI-based DEX Cetus, which suffered a $223 million hack, announced through platform X that it has safely transferred the frozen funds related to the hack to a multi-signature trust wallet jointly managed by CETUS, SUI, and OtterSec. These funds will be held in the wallet until they are returned to users.In response, Cetus explained: "We have entered the next phase of recovering the funds lost to the hack by ensuring their safety. We are working day and night to fulfill the roadmap promised to the community, including contract upgrades, liquidity restoration, and preparations for the relaunch."Previous report indicates that the Sui community recently approved an on-chain proposal that will release approximately $162 million that was seized during the Cetus vulnerability last week, allowing the DEX to repay users and restore full operations.

ChainCatcher message, the Sui community recently approved an on-chain proposal that will release approximately $162 million that was seized during the Cetus vulnerability last week, allowing the DEX to repay users and resume full operations. The affected funds will be transferred to a multi-signature wallet and held until they are returned to users according to the plan led by Cetus.In response, Cetus announced plans to complete a full recovery and restart in about a week, which includes data recovery, restarting the upgraded CLMM contracts, and fully restoring all paused product features (including LP functions), among others.

ChainCatcher message, Slow Mist's Yu Xian posted on platform X stating that the Cetus hacker has not yet returned the funds, holding over 60 million USD worth of ETH and has not continued to transfer it. The community has submitted suspected clues related to the Cetus hacker, and more details may be disclosed later.

ChainCatcher news, Sui is undergoing a protocol upgrade to return the stolen funds recovered from hackers to the governance proposal vote of Cetus, which is expected to pass early at 4:00 AM Beijing time on May 30. Currently, the proposal has received a voting rate of 54.4%, with 54% in favor and only 0.3% against.If this vote passes, the next version of Sui will include a protocol upgrade that will support a one-time identity verification for two special transactions. These transactions will hard-code the addresses of the two attackers, the stolen asset objects, and their destinations. It will verify the voting results, and if approved, the stolen funds from the attackers' addresses will be transferred to the Cetus multi-signature wallet, which is signed by Cetus, the Sui Foundation, and OtterSec.

ChainCatcher news, according to Decrypt, Cetus has announced a recovery plan after suffering a $223 million vulnerability attack, aimed at forcibly reclaiming $162 million of frozen funds from wallets controlled by hackers through protocol-level upgrades. Cetus has requested a community vote to restore the funds frozen after last week's hacking incident. The Sui Foundation has released on-chain community voting code, allowing Sui validators and holders to vote directly through staking delegation. Voting began on May 27 at 1 PM Pacific Time and will last for seven days, requiring over 50% participation and majority approval to pass.Cetus stated that by utilizing its cash and token reserves, it is now able to fully cover the stolen assets, which includes a significant loan from the Sui Foundation, enabling all affected users to recover 100% of their losses.

ChainCatcher news, according to the token unlock data from the Web3 asset data platform RootData, Cetus (CETUS) will unlock approximately 8.33 million tokens on June 4th at 7 AM Beijing time, worth about 1.4 million USD.

ChainCatcher news, according to official sources, in response to the recent Cetus incident that caused user losses, Sui officials announced an additional investment of 10 million dollars for ecological security-related construction. Although the vulnerability originated from the mathematical library used by Cetus and has no direct relation to the Sui protocol and the Move language, the officials stated that they will still take a holistic approach to enhance the platform's security support for developers.The new funds will be used for audits, bug bounties, formal verification, and other measures, with specific implementation to be jointly agreed upon with the developer community. The Sui team emphasized that the platform has been designed with smart contract security at its core, but also acknowledged that "no system design can completely avoid human code defects," calling on ecological builders to take this incident as an opportunity to strengthen key code security and jointly promote the network towards maturity and stability.

ChainCatcher message, Cetus officially released a report on the theft incident stating that on May 22, Cetus encountered a sophisticated smart contract attack targeting the CLMM liquidity pool. Cetus took immediate measures to mitigate the impact.The attacker exploited an undiscovered vulnerability in an open-source library, lowering the pool price to build positions in the high-price area, and utilized an overflow check flaw to inject inflated liquidity with very few tokens. Subsequently, they repeatedly executed liquidity removal operations to extract assets from the pool, continuously exploiting unverified calculation functions to carry out the attack, ultimately successfully stealing funds.To jointly maintain the maximum interests of the entire ecosystem, with the support of most Sui validator nodes, Cetus urgently froze two Sui wallet addresses of the attacker, which contained the majority of the stolen funds. The remaining stolen funds have been exchanged by the hacker and cross-chain transferred to the Ethereum mainnet.Cetus is collaborating with the Sui security team and several auditing firms to re-examine the contracts and conduct a multi-party joint audit to ensure the safe restoration of CLMM services after verification is completed. At the same time, Cetus will strengthen on-chain monitoring, initiate additional audits, and regularly publish security reports. To compensate affected LPs, Cetus is working with ecosystem partners to develop a recovery plan and is calling on Sui validators to support on-chain voting to expedite the return of user assets and rebuild confidence. While legal proceedings continue, Cetus is also providing the attacker with a white hat return opportunity. Cetus will soon issue a final ultimatum to them. Any updates will be transparently communicated to the community by Cetus.

ChainCatcher message, hacked and $223 million of Cetus was stolen, community update mainly discloses the following content:The affected funds consist of two parts: one part is internal to Sui, and the other part is mainly bridged to the ecosystem in the form of ETH.The data recovery work for the Cetus protocol is actively underway and is expected to take several hours.The aggregator service has been restored and supports exchanges through partners such as Phantom and Binance Alpha. It has been confirmed that the Cetus CLMM pools, which were unaffected in this incident, will begin to resume operations once accurate holding data is fully restored.Active discussions are ongoing with the Sui Foundation and other community members to finalize key details of the recovery.Two directions are being pursued simultaneously: (1) resolving the issue as soon as possible through white hat negotiations; (2) actively collecting clues and evidence to recover funds through legal channels.Different recovery scenarios are being simulated, and technically feasible fund recovery and compensation plans are being designed.It has been proposed to conduct a protocol upgrade through PoS voting to unlock and return most of the stolen funds currently frozen in the attacker's Sui wallet.

ChainCatcher news, Slow Mist's official release on the Cetus theft incident analysis indicates that the core of this event is that the attacker carefully constructed parameters to cause an overflow while bypassing detection, ultimately exchanging a very small amount of tokens for a massive amount of liquidity assets.Slow Mist stated that the attacker precisely calculated and selected specific parameters, exploiting the flaw in the checked_shlw function to obtain liquidity worth billions at the cost of just 1 token. This is an extremely sophisticated mathematical attack. The Slow Mist security team advises developers to rigorously verify all boundary conditions of mathematical functions in smart contract development.Previously, on May 22, according to community news, the liquidity provider Cetus on the SUI ecosystem was suspected of being attacked, with a significant drop in liquidity pool depth and multiple token trading pairs on Cetus experiencing declines, with estimated losses exceeding $230 million. Subsequently, Cetus issued a statement indicating that an incident was detected in the protocol, and for safety reasons, the smart contract has been temporarily suspended while the team investigates the incident.

ChainCatcher message, Sui officials stated on social media that earlier today, Cetus initiated a community voting proposal to return frozen funds through a protocol upgrade (without rolling back on-chain records or reversing transactions). This is a special request under special circumstances—concerning the asset security of Cetus users. After careful consideration, the Sui team decided to support its on-chain voting proposal, but with two additional conditions:Sui officials will remain neutral on the voting results and waive their voting rights. Sui's responsibility is to design and execute a decision-making process that reflects the collective will of the Sui community (specific plans and code will be announced soon).Cetus must publicly commit to using all financial resources to recover assets until all users receive full compensation.

ChainCatcher message, Cetus stated on platform X that no communication has been received from the hacker and encourages the hacker to seriously consider Cetus's offer terms.At the same time, with the support of Inca Digital and funding from the Sui Foundation, a reward of 5 million dollars has been announced to incentivize individuals who provide relevant information, successfully identify, and apprehend the hacker. If the hacker is willing to cooperate and accepts the offer, no further legal actions or claims will be taken, including the 5 million dollar bounty, which will be determined by the Sui Foundation.