Cetus Protocol has announced plans to fully compensate users affected by a recent off-chain hack, utilizing its own funds, token vaults, and loans from the Sui Foundation. The Sui on-chain protocol stated that if an upcoming community vote is successful, users will receive 100% recovery of stolen assets. Regardless of the vote outcome, Cetus has committed to initiating the recovery process immediately after the results are announced, with a detailed plan to follow. The protocol has apologized for the incident and urged the Sui community to collaborate in restoring trust and resilience.
Cetus Protocol Plans Full Compensation for Hack Victims Pending Community Vote
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