Cetus Proposes Full $223M Recovery for Users After Major DeFi Security Breach

Cetus, a decentralized finance (DeFi) platform operating on the Solana blockchain, has announced that users impacted by a recent $223 million exploit may regain full access to their funds pending approval in a community vote. In an official statement posted on X, Cetus expressed regret to its users and accepted responsibility for the recent security breach. The platform confirmed that, by leveraging both its cash and token reserves, it is prepared to fully reimburse the stolen assets currently held off-chain—contingent upon the recovery of locked funds through an upcoming community vote. This recovery plan also involves a significant loan from The post Cetus Proposes Full $223M Recovery for Users After Major DeFi Security Breach first appeared on The Shib Daily source: https://news.shib.io/2025/05/28/cetus-proposes-full-223m-recovery-for-users-after-major-defi-security-breach/?utm_source=rss&utm_medium=rss&utm_campaign=cetus-proposes-full-223m-recovery-for-users-after-major-defi-security-breach