“The Cetus team announced the recovery of work after breaking on May 22. According to the report, 85% to 99% of the affected pools were restored. Losses estimated at $ 223 million covered with $ 7 million in the protocol reserves, $ 30 million from SUI Foundation, and $ 162 million, which was blocked and later returned to the protocol. The rest will be given […]”, – WRITE: Businessua.com.ua
The Cetus team announced the recovery of work after breaking on May 22. According to the report, 85% to 99% of the affected pools were restored.
Losses estimated at $ 223 million covered with $ 7 million in the protocol reserves, $ 30 million from SUI Foundation, and $ 162 million, which was blocked and later returned to the protocol.
The rest will be given to Cetus tokens for the next 12 months. The plan does not imply inflation of the overall proposal of the asset. If additional assets will be returned during this time, the affected users will be able to get compensation in the USDC instead.
According to the team, the attacker ignored the calls to repay the funds for reward, so “legal actions” in a number of jurisdictions began against him.
“Restart does not mean the completion of our struggle for justice. Many jurisdictions have already started lawsuits, ”Cetus noted.
The developers eliminated the vulnerability that led to the break and conducted a technical audit of the updated code.
In the future, additional audits, improvement of monitoring systems and transition to open software with a bounty program for testing safety measures are planned.
We will remind, according to Peckshield, in May 20 attacks on cryptoprorectives, the total losses of which amounted to $ 244.1 million.
The gun
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