Cetus Protocol confirmed its relaunch on June 8 after a significant hack in May that led to losses exceeding 60 million USD. The team is focused on recovery and compensation for affected users.
The protocol has refunded some users and is implementing safety measures to avoid future incidents. Legal action is underway to retrieve the remaining stolen assets, with plans to use CETUS tokens for liquidity replenishment.
Following the relaunch announcement, CETUS prices have shown volatility, initially increasing by 35% on refund rumors but then declining 40% over the month. The protocol aims to build a more secure environment to foster community trust.
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