Following the major cyber attack on May 23, 2025 against the CETUS protocol, 54 percent of the community members supported the rescue plan, including the rescue plan, including frozen assets and damages of $ 60 million. Although one day remains the finalization of the vote, it is stated that the current votes are sufficient to pass the early stage of the plan. Experts say that community support has reached an important stage and that the point reached after the last approval will become more clear.
Water Coin Fud falls
The CETUS protocol is a leading platform that operates on water and provides liquidation services. On May 23, 2025, the cyber attack on the platform caused a loss of approximately 260 million dollars. This incident caused users to experience serious losses, while the crypto money community and the leading names of the sector came to support messages. Binance former CEO CEO CZ names such as, emphasized that the community should stand together.
After the attack, the Cetus community took action to prepare a rescue plan. Users have begun to look for fast solutions for securing both the platform and their own investments. In this context, various proposals were brought to the agenda in order to meet the lost amount.
SUI Foundation announced a credit plan that is guaranteed to meet the losses. This $ 60 million loan aims to repay the funds of users who are damaged by the attack as much as possible. Following this development, the price of Cetus, the local token of the platform, was increased by 30 percent in a short time and the price rose to $ 0.17.
SUI Foundation: “Our priority is to offer a safe and sustainable solution to support users.”
Community approval was required to implement the rescue plan. In the first stage, 54 percent of the votes were positive and this rate was deemed sufficient for the progress of the process. Only one day before the completion of the final approval, it is stated that the plan will be officially accepted if the existing trends are preserved.
In summary, the Fud around the water coin is literally dispersed.
CETUS PRICE AND COMMUNITY
The developments were directly reflected in the market value of the Cetus token. The positive progress of voting results and the financing commitment of the SUI Foundation is seen as a supportive element. Analysts say that the price increase may be an indication of confidence in the platform and rescue plan.
On the other hand, it is evident that more transparency and communication demands between the community increased after the cyber attack. While many users want the platform to take new steps on security measures, it is aimed to evaluate suggestions in the future.
The fact that the rescue plan determined after the attack on the CETUS protocol is largely accepted by the community shows that user trust can be reinstated in crypto money markets. Finance support, compensation for losses and new price levels may be decisive for the future of the platform. It is considered as developments that guide other projects on asset security and crisis management.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
