Currencies34017
Market Cap$ 3.95T+1.40%
24h Spot Volume$ 88.28B+68.1%
DominanceBTC60.87%+0.27%ETH9.26%-0.40%
ETH Gas9.46 Gwei
Cryptorank

CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints


by Ikemefula Aruogu
for CoinEdition
The CETUS DEX relaunches its platform after a major hack and fund recovery effort that has sparked community debate
  • The CETUS DEX has relaunched one month after a major hack, having recovered $162M.
  • The fund recovery method, involving a wallet freeze by Sui validators, has sparked debate.
  • The relaunch is mixed, with high volume but also user complaints about compensation.

CETUS, the Sui and Aptos-based decentralized exchange (DEX), has resumed operations one month after it experienced a massive hack. 

According to reports, the platform recovered $162 million of stolen funds and received a $30 million loan from the Sui Foundation to boost the return.

A Mixed Relaunch: High Volume Meets User Complaints

Besides resuming regular operations, CETUS embarked on a compensation program to repay users affected by the recent hack. One such user responding to the crypto platform’s post on X reported receiving 86% of his SUI holding from the vault. However, another user noted a 27% gap in a supposedly unaffected liquidity pool (LP), seeking an explanation for the missing funds.

It is worth noting that the Sui team recovered p…

The post CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints appeared first on Coin Edition.

Read the article at CoinEdition

Read More

3 Altcoins at Risk of Major Liquidations in July

3 Altcoins at Risk of Major Liquidations in July

Investors will likely remember the market events of July 2025, which saw Bitcoin surg...
Has SUI Awakened the Mighty Bulls with a 13% Lift?

Has SUI Awakened the Mighty Bulls with a 13% Lift?

With the solid greedy sentiment in the broader market, Bitcoin, the largest and domin...

CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints


by Ikemefula Aruogu
for CoinEdition
The CETUS DEX relaunches its platform after a major hack and fund recovery effort that has sparked community debate
  • The CETUS DEX has relaunched one month after a major hack, having recovered $162M.
  • The fund recovery method, involving a wallet freeze by Sui validators, has sparked debate.
  • The relaunch is mixed, with high volume but also user complaints about compensation.

CETUS, the Sui and Aptos-based decentralized exchange (DEX), has resumed operations one month after it experienced a massive hack. 

According to reports, the platform recovered $162 million of stolen funds and received a $30 million loan from the Sui Foundation to boost the return.

A Mixed Relaunch: High Volume Meets User Complaints

Besides resuming regular operations, CETUS embarked on a compensation program to repay users affected by the recent hack. One such user responding to the crypto platform’s post on X reported receiving 86% of his SUI holding from the vault. However, another user noted a 27% gap in a supposedly unaffected liquidity pool (LP), seeking an explanation for the missing funds.

It is worth noting that the Sui team recovered p…

The post CETUS Surges into Top 10 DEXs by Volume Despite Ongoing User Complaints appeared first on Coin Edition.

Read the article at CoinEdition

Read More

3 Altcoins at Risk of Major Liquidations in July

3 Altcoins at Risk of Major Liquidations in July

Investors will likely remember the market events of July 2025, which saw Bitcoin surg...
Has SUI Awakened the Mighty Bulls with a 13% Lift?

Has SUI Awakened the Mighty Bulls with a 13% Lift?

With the solid greedy sentiment in the broader market, Bitcoin, the largest and domin...