Cetus Protocol Announces 100% User Reimbursement After Hack, Sparks CETUS Rally

Cetus Protocol’s native token, CETUS, surged by double-digits following the announcement that the decentralized finance (DeFi) platform, built on the Sui (SUI) network, will reimburse users 100% of the hacked funds to users. The recovery plan comes in response to the May 22 exploit that caused over $220 million in user losses. The exploit was caused by a bug in Cetus Protocol’s code. Cetus Protocol to Fully Reimburse Users After Hack  In the immediate aftermath, Cetus halted its smart contract operations to prevent further losses source: https://beincrypto.com/cetus-protocol-full-recovery-plan-defi-hack/