CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints
- The CETUS DEX has relaunched one month after a major hack, having recovered $162M.
- The fund recovery method, involving a wallet freeze by Sui validators, has sparked debate.
- The relaunch is mixed, with high volume but also user complaints about compensation.
CETUS, the Sui and Aptos-based decentralized exchange (DEX), has resumed operations one month after it experienced a massive hack.
According to reports, the platform recovered $162 million of stolen funds and received a $30 million loan from the Sui Foundation to boost the return.
CETUS IS BACK!
— Cetuspic.twitter.com/tyQ50VkEeg
A Mixed Relaunch: High Volume Meets User Complaints
Besides resuming regular operations, CETUS embarked on a compensation program to repay users affected by the recent hack. One such user responding to the crypto platform’s post on X reported receiving 86% of his SUI holding from the vault. However, another user noted a 27% gap in a supposedly unaffected liquidity pool (LP), seeking an explanation for the missing funds.
It is worth noting that the Sui team recovered p…
The post CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints appeared first on Coin Edition.
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CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints
- The CETUS DEX has relaunched one month after a major hack, having recovered $162M.
- The fund recovery method, involving a wallet freeze by Sui validators, has sparked debate.
- The relaunch is mixed, with high volume but also user complaints about compensation.
CETUS, the Sui and Aptos-based decentralized exchange (DEX), has resumed operations one month after it experienced a massive hack.
According to reports, the platform recovered $162 million of stolen funds and received a $30 million loan from the Sui Foundation to boost the return.
CETUS IS BACK!
— Cetus
A Mixed Relaunch: High Volume Meets User Complaints
Besides resuming regular operations, CETUS embarked on a compensation program to repay users affected by the recent hack. One such user responding to the crypto platform’s post on X reported receiving 86% of his SUI holding from the vault. However, another user noted a 27% gap in a supposedly unaffected liquidity pool (LP), seeking an explanation for the missing funds.
It is worth noting that the Sui team recovered p…
The post CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints appeared first on Coin Edition.
Read More
“Altcoin ETF Summer” Looms as Ethereum Breakout Signals a Market-Wide Rally