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SUI Eyes $4 Breakout as Community Vote on Cetus Fund Recovery Begins
SUI Eyes $4 Breakout as Community Vote on Cetus Fund Recovery Begins
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
The sui Foundation has launched an on-chain vote allowing its community to decide whether to recover stolen funds from the Cetus protocol. With 34 votes already in favor, 24 more ’yes’ votes are needed to regain control of the frozen assets. The voting process started on May 27 at 8:00 PM UTC and has coincided with a 6% price surge for SUI, which is now trading at $3.70.
In parallel, the SUI Foundation has expanded its bug bounty program to include protocols with $50 million in total value locked (TVL) and offered a loan to Cetus to compensate affected users. Market sentiment is bullish as SUI approaches a key resistance level at $4.
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