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10 posts • GPT (4.1)
Updated
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CETUS TO RELAUNCH JUNE 8, 2025, WITH TREASURY + SUI FOUNDATION LOAN TO REPLENISH LIQUIDITY The DeFi protocol will restart operations this weekend using reserve capital and support from the Sui Foundation. Liquidity restoration marks a key milestone following recent disruptions
💥NEW: Cetus is set to relaunch on June 8, 2025, at 3:00 UTC The project has allocated a substantial part of its treasury and a Sui Foundation loan to replenish affected liquidity pools
Cetus Protocol will relaunch at 3:00 UTC on June 8, 2025, with full functionality restored. To replenish liquidity, the team recovered assets via an on-chain vote and rebalanced them, committed $7 million from its treasury to repurchase missing tokens, and secured a 30 million
Yesterday I posted about sBTC being down 50%. Which was theoretically true due to the imbalanced price pools of @ALEXLabBTC which suffered from yet another hack and the APIs indexing their price. sBTC holders SAFU. sBTC continues to be backed 1:1. I wish getting BTC half price
INSIGHT: On May 22, $220M was drained from Cetus DEX on Sui via a fake token exploit. Is DeFi ready for smarter security?
CETUS TO RELAUNCH JUNE 8, 2025, WITH TREASURY + SUI FOUNDATION LOAN TO REPLENISH LIQUIDITY The DeFi protocol will restart operations this weekend using reserve capital and support from the Sui Foundation. Liquidity restoration marks a key milestone following recent disruptions
Yesterday I posted about sBTC being down 50%. Which was theoretically true due to the imbalanced price pools of @ALEXLabBTC which suffered from yet another hack and the APIs indexing their price. sBTC holders SAFU. sBTC continues to be backed 1:1. I wish getting BTC half price
💥NEW: Cetus is set to relaunch on June 8, 2025, at 3:00 UTC The project has allocated a substantial part of its treasury and a Sui Foundation loan to replenish affected liquidity pools
