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Cetus Proposes SUI Community Vote to Recover $162M Post-Exploit
Cetus Proposes SUI Community Vote to Recover $162M Post-Exploit
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News - Decentralized exchange Cetus has introduced a recovery proposal to reclaim $162 million frozen in the wallets of a hacker who exploited the Sui ecosystem for $223 million. The plan requires a community vote with over 50% participation and majority approval to implement a protocol upgrade that WOULD circumvent the attacker’s control. If approved, the funds will be moved to a multisig wallet managed jointly by Cetus, auditing firm OtterSec, and the Sui Foundation. SUI token holders can delegate their voting power to validators, marking a significant decentralized governance response to a major security breach.
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Cetus Proposes SUI Community Vote to Recover $162M Post-Hack
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Sui Network Compensates Cetus Users After $223M Exploit
