Cetus Protocol Restarts After Hack, Secures $30M Loan
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 08 2025Cetus Protocol Recovery: Cetus Protocol has resumed operations after a major hack, supported by a $30 million loan from the Sui Foundation and a $7 million cash infusion, while also pursuing legal action to recover stolen assets.
Market Impact: Following the relaunch, the SUI token experienced a 2.38% drop in price, reflecting market caution amidst ongoing security challenges in the DeFi sector, despite a notable 60-day gain of 65.38%.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
