Sui DEX restarts, plots open-source move after massive exploit
Affected Cetus liquidity pools were replenished using a combination of recovered funds, cash reserves, and a $30 million USDC loan.
Cetus Protocol, a Sui-native decentralized exchange that suffered a huge $220 million exploit in May, says it is now working on going open-source following its recent relaunch.
An attacker exploited a pricing mechanism flaw to drain tokens from Cetus’ major liquidity pools on May 22. The protocol managed to freeze $162 million of the stolen funds shortly after.
Trade volume on Cetus had been trending upward before the attack, registering over $5 billion in April and another $5 billion in May, despite shutting down after May 22.
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