Cetus Protocol Twitter Space: Addressing the $223M Exploit Recovery

Cetus Protocol, a concentrated liquidity protocol on Sui, will host a public Twitter Space to share updates on their response to the May 22 exploit, outline fund recovery steps, and answer community questions. The team aims to recover 100% of the stolen funds, with a community vote on a Sui Foundation loan to compensate users (Cetus Blog). A specific date and time will be announced soon—stay tuned to @CetusProtocol for updates. This AMA is crucial for rebuilding trust and transparency after the incident shook investor confidence in the Sui ecosystem.

Recent News

On May 22, 2025, Cetus suffered a $223M exploit due to a vulnerability in their CLMM liquidity parameters, which went undetected by an overflow check (Cointelegraph, 2025-05-25). Quick action froze $162M of the stolen funds, but the remaining $61M is still at large. A post-mortem by Dedaub revealed the root cause, and Cetus patched the vulnerability, preventing further damage (Dedaub Report). Despite the setback, CETUS token price surged 23.96% in the last 24 hours to $0.1591, with a 24-hour trading volume of $135.68M (CoinMarketCap, 2025-05-28).

Future Plans

Cetus aims to fully compensate affected users through the Sui Foundation loan, pending community approval. They’re also enhancing security with audits and plan to expand their interoperable modules to improve liquidity efficiency on Sui and Aptos blockchains (Cetus Roadmap).

Onchain Data

Limited onchain data is available post-exploit, but Cetus’s market cap stands at $115.37M, ranking #346 on CoinMarketCap. The trading volume spike reflects renewed interest, likely tied to recovery optimism (CoinMarketCap, 2025-05-28).

Community Sentiment

X reactions are mixed: some users, like @Minrax, pledge loyalty if funds are recovered, while others, like @jiangkuo273, demand faster refunds, reflecting frustration over delays. The community craves transparency—this AMA could be a turning point.

Why It Matters

This event could redefine Cetus’s reputation in DeFi. A successful recovery may boost Sui ecosystem adoption, but delays or missteps could erode trust further. Risk Note: Volatility may spike around the AMA—trade cautiously.