Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Crypto Market Soars With Bitcoin Leading Q2 Gains

    Strategy’s Potential S&P 500 Inclusion Hinges on Bitcoin Stability

    Strategy’s S&P 500 Eligibility Hinges on Bitcoin Price Stability

    Michael Saylor’s Strategy Nears S&P 500 Inclusion

    Michael Saylor Advocates Ending Bitcoin Mining Double Taxation

    Michael Saylor Advocates Ending Bitcoin Miner Double Taxation

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Former Standard Chartered Exec Introduces New Blockchain for Finance Apps

    Robinhood Executes Tokenized OpenAI Share Transfer via Arbitrum

    Robinhood Successfully Transfers OpenAI Shares via Arbitrum

    Robinhood Transfers OpenAI Shares via Arbitrum

    Robinhood’s Vlad Tenev Confirms OpenAI Share Transfer via Arbitrum

    Ripple Agrees to $125M Settlement, SEC to Withdraw Appeal

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Cetus Resumes Operations Following $223M DeFi Hack

Adriana M. by Adriana M.
June 8, 2025
in Latest News
Key Takeaways:
  • Cetus reopens post-hack; full service restored on Sui blockchain.
  • Liquidity pools partially recovered between 85% and 99%.
  • No leadership comments; focus remains on compensation plan success.
cetus-resumes-operations-following-223m-defi-hack
Cetus Resumes Operations Following $223M DeFi Hack

Financial disruptions from the hack have been somewhat mitigated through substantial recovery measures, but full market response remains. Institutional support appears significant, yet details remain opaque regarding specific funding sources.

Cetus Protocol, hit on May 25, 2025, faced $223 million in losses due to a DeFi exploit. Official communications now confirm restoration of operations on the Sui blockchain. Compensation plans aim to restore liquidity pools between 85% and 99%.

Cetus’s leadership has not publicly commented, but their absence hasn’t affected the relaunch process. Major exchanges, including Binance and Bitget, have acknowledged the relaunch details, signaling institutional backing. This suggests the focus remains on operational recovery rather than leadership narratives.

Market impacts include a sharp reduction in TVL at the hack’s onset, with significant recovery noted by the relaunch date. There are no indications of broader cryptocurrency market effects beyond the Sui ecosystem. This limits repercussions primarily to Cetus-related tokens.

Financial strategies include freezing $162 million, with the remaining $50 million out of reach. Governance tokens and Sui blockchain LP shares are central to the asset recovery. No substantial results for unrelated altcoins were found, minimizing global DeFi exposure.

Insights into future outcomes lean on historical data, drawing parallels to prior DeFi incidents like Curve and Euler. While compensation structures echo prior methods, Cetus’s duration until full user trust reestablishment remains uncertain. This highlights enduring challenges for sustained DeFi platform resilience.

“Audits are not guarantees. Users should only commit funds they can afford to lose—and platforms need to bake in resilience from day one.” — Jerome Alston, DeFi Security Researcher
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Cetus Protocol Resumes Post-Exploit Operations with Compensation Plan

Next Post

Cetus Resumes Operations after Major DeFi Exploit

Adriana M.

Adriana M.

Related Posts

Cathie Wood’s ARK Invest Sells $43.8M Coinbase Shares

by Solomon M.
July 1, 2025

ARK Invest sells $43.8M worth of Coinbase shares on June 30, 2025.

Cathie Wood’s ARK Invest Sells $43.8M Coinbase Shares

by Solomon M.
July 1, 2025

Cathie Wood's ARK Invest reportedly sold 124,892 Coinbase shares valued at $43.8 million on June 30, shifting focus to fintech...

Nikita Bier Joins X as Head of Product

by Solomon M.
July 1, 2025

Nikita Bier is appointed Head of Product at X, Elon Musk's platform, influencing digital innovation and development.

Nikita Bier Joins Musk’s X as Head of Product

by Solomon M.
July 1, 2025

Nikita Bier appointed Head of Product at Elon Musk's X, impacting social product strategies.

North Korean Crypto Use Raises Concerns Over USDC Issuing

by Solomon M.
July 1, 2025

Investigator alleges Circle's delayed action on North Korean-linked addresses impacts USDC laundering prevention.

Circle Seeks U.S. National Trust Bank License

by Solomon M.
July 1, 2025

Circle applies for U.S. national trust bank license to enhance USDC infrastructure, reviewed by OCC.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.