Cetus Protocol has finally shared good news after a huge $223 million theft on May 22, 2025. The hack upset many in the crypto world, but Cetus and the Sui Foundation’s quick steps helped the community calm down. The firm has stated its plan to pay back everyone who lost money.
The firm will use its own cash and tokens, plus a loan from the Sui Foundation, to cover the losses and make sure users get all their money back. Cetus wants to pay back its users after a big hack, but it needs the Sui community to vote to unlock $162 million that’s currently frozen and not on the network.
If the community agrees, this money, plus Cetus’s own funds and a loan from the Sui Foundation, will be enough to fully return what was lost to everyone affected by the hack. The firm has promised its users to pay back their money, even if the vote fails. This initiative by the firm shows that they are serious about fixing things. The company acknowledges that a glitch in their trading system caused the hack to happen.
The firm has shared the update on its X post. The firm stated that the Sui Foundation is also helping it by giving a loan to cover the money the hacker moved off the network. Plus, Sui is putting $10 million into improving security so such an incident does not happen again. The vote, which involves Sui validators and token holders, is a big deal, and Cetus is asking everyone in the Sui community to support it to help make things right.
Cetus and the Sui Foundation are both working together to handle this crisis after the hack in the DeFi space. Cetus is focused on paying back the money to its users. By taking this initiative, the firm aims to make the Sui DeFi system safer so that the system can manage problems better in the future. The firm will share a detailed plan outlining how it intends to assist everyone who lost money in the hack.
