Cetus, the DEX platform and liquidity infrastructure on Sui, said that users affected by the $223 million attack on May 22 could be fully refunded if the community approves the upcoming vote.
"We have sufficient cash funds and tokens to cover all stolen assets (currently off-chain) if the community agrees to unlock the fund through voting," Cetus announced on X. "This includes an important loan from Sui Foundation, which makes 100% refund a reality."
However, Cetus emphasized that the refund depends entirely on the community voting results and called for support to restore the fund. "We understand this is a big proposal, but it is the right thing to do for those who were harmed."
Regardless of the voting outcome, Cetus committed to immediately starting the recovery process and "striving to correct until the end."
The attack caused some tokens on Sui to drop by up to 90%, with the CETUS token falling 50% at the time. The error was identified in the CLMM pool's smart contract, which was based on open-source code with an integer overflow vulnerability. Hackers exploited this flaw to withdraw liquidity before the pool was locked. Cetus subsequently fixed the error.
The Cetus incident extends the chain of serious DeFi hacks, including Mixin Network ($200 million, 9/2023), Wormhole ($323 million, 2/2022), and Ronin ($600 million, 3/2022).
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The article Cetus proposes to return all money to victims of the $223 million hack first appeared on CoinMoi.
