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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
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Dare to trade. Dare to win.
Big Day for Surprise Altcoin Tonight: Can It Recover After Significant Loss?
Cetus Protocol (CETUS) will resume full functionality with a comprehensive recovery plan on June 9, 2025, at 06:00, following a security breach. The protocol has undertaken a comprehensive restructuring in line with both community voting and various financial measures to restore user funds and pool balances to their former state.
The Cetus team recovered some of the lost assets through on-chain voting and rebalanced those assets. Additionally, they committed a budget of 7 million dollars from their treasury to recover the missing tokens. Furthermore, a loan of 30 million USDC was secured from the Sui Foundation.
A compensation plan is being implemented for the local token CETUS of the protocol. 15% of the total token supply has been allocated for compensation. Of this, 5% can be earned at the time of launch, while the remaining 10% is planned to be earned linearly over a period of 12 months.
In a statement made by Cetus on Medium, it was stated, "As a team, we have been working day and night against the security incident for the past two weeks. We are grateful for the patience and trust shown by our community during this process. Now, we are ready to share the final recovery plan that will restart the Cetus Protocol with full functionality."
The attack targeted the CETUS CLMM (Concentrated Liquidity Market Maker) pools. In the attack, carried out using an advanced method, a vulnerability in an open-source CLMM library was exploited, and significant amounts of assets were withdrawn from large pools. The attacker severely disrupted pool prices and balances with numerous on-chain swap transactions.
*It is not investment advice.
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