In a twist of fate that could only be rivaled by the most dramatic of novels, the Cetus Protocol, that once stood as a beacon of hope in the tumultuous sea of decentralized finance, has emerged from the shadows of a recent hack. A staggering sum of $160 million, once thought to be lost to the abyss, has been declared retrievable, much to the relief of the liquidity providers (LPs) who had been left clutching their pearls in despair.
This miraculous turn of events was unveiled by a chorus of voices, notably the esteemed Nefarii.sui, founder of SuiNetwork Africa, who took to the platform X to share the news. The exploit, a cunning maneuver that preyed upon a bug nestled within the Cetus smart contracts, had initially threatened to swallow a total of $220 million. Yet, in a display of teamwork that would make even the most hardened cynic shed a tear, the developers of Cetus and the Sui Network have joined forces to reclaim the remaining $60 million. Fear not, dear reader, for the Sui blockchain itself remained unscathed, as confirmed by the vigilant network officials—perhaps they deserve a medal for their steadfastness!
However, the SUI blockchain did not escape unscathed from the emotional rollercoaster that followed the hack of its largest DEX, Cetus Protocol. The aftermath saw the SUI token plummet by 15%, landing at a rather disheartening $3.81. One can only imagine the collective gasp that echoed through the digital halls of finance!
Yet, in a plot twist worthy of a Tolstoyan epic, the Sui blockchain was not the true victim of this tale. The issue was confined to the beleaguered Cetus Protocol, which has since patched the vulnerability with the diligence of a craftsman repairing a beloved heirloom. Trading has resumed, and the protocol is back online, ready to face the world once more. Let us raise a glass to resilience, for in the world of finance, as in life, it is often the ability to rise from the ashes that defines our true character!
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2025-05-22 19:05