After nearly two weeks of around-the-clock recovery efforts, Cetus Protocol has relaunched on June 8 at 3:00 UTC.
Author: Sahil Thakur
Protocol to Resume on June 8 with Refilled Pools, CETUS Compensation, and Legal Action Against Attacker
After nearly two weeks of around-the-clock recovery efforts, Cetus Protocol has relaunched on June 8 at 3:00 UTC, following a major security incident that drained millions from its Concentrated Liquidity Market Maker (CLMM) pools.
The exploit, which took advantage of a vulnerability in a CLMM-dependent open-source library, severely disrupted pricing and liquidity across Cetus’ largest pools. The team has now shared a detailed recovery plan, including pool rebalancing, compensation via CETUS tokens, and a renewed legal offensive against the unidentified attacker.
Cetus was the target of a sophisticated hack that exploited a third-party smart contract dependency. The attacker drained several major pools and conducted a series of disruptive on-chain swaps, unbalancing prices and liquidity.
Since the attack, the team has:
To cover unrecovered losses, Cetus is allocating 15% of the total CETUS supply to a new compensation contract:
👉 Compensation Claim Page goes live at relaunch.
This relaunch marks a critical moment for Cetus, not just as a recovery from a major breach, but also as a shift toward a more community-driven token economy. The team’s use of treasury reserves and full surrender of unvested CETUS tokens has been framed as a “transformative moment” for the protocol.
Users are encouraged to review their pool exposure and claim compensation as soon as the platform reopens on June 8 at 3:00 UTC.
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