Cetus plans to complete full recovery and restart in about a week
Odaily Planet Daily News: Cetus officially announced on X that the Sui community recently approved an on-chain proposal to release approximately $162 million seized during last week's Cetus vulnerability, enabling the DEX to repay users and resume full operations. The affected funds will be transferred to a multi-signature wallet and held in escrow until they are returned to users according to a plan led by Cetus.
In response, Cetus announced plans to complete a full recovery and restart within approximately one week, including data recovery, restarting the upgraded CLMM contract, and fully restoring all suspended product functions (including LP functions), among others.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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