The Cetus decentralized exchange operating on the SUI blockchain announced a few weeks after large -scale hacking, as a result of which $ 223 million was stolen from the platform.

Representatives of the exchange reported the restoration of the performance of all functions and partial compensation for the losses of liquidity bullets after hacking that occurred on May 22. Thanks to the Validators of the SUI ecosystem, it was possible to freeze and return $ 162 million.

The remaining funds to restore the exchange were provided by the SUI fund – $ 30 million – and $ 7 million from Cetus reserves. Liquidity pools are restored by 85–99% of the initial level. Cetus tokens will be used as compensation.

Experts of the company SlowMist, working in the Web3 security field, emphasized that the fraudster planned the attack in advance and was able to operate the vulnerability of the exchange infrastructure, gaining control over millions of users.

Cetus said that the attacker had already begun to wash the stolen assets through the Tornado Cash cryptomixer. The hacker did not respond to the proposal to return the funds in exchange for the termination of the persecution. The exchange plans to conduct another audit, introduce improved monitoring protocols and update the platform development strategy, and developers summed up.

Earlier, the founder of the Curve Finance platform, Mikhail Egorov, said that decentralized projects were faced with a new wave of threats – planned attacks by hired groups of hackers.