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Sui Network Compensates Cetus Users After $223M Exploit
Sui Network Compensates Cetus Users After $223M Exploit
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Sui Network has intervened to fully reimburse users of Cetus Protocol, the largest decentralized exchange on its blockchain, following a $223 million exploit. The sui Foundation provided a critical loan to cover the losses, ensuring 100% recovery for affected parties.
The reimbursement plan focuses on bridged assets, distinct from frozen funds pending an on-chain community vote. Cetus confirmed the arrangement in a public statement, emphasizing that recovered locked assets WOULD further solidify the compensation process.
Governance hangs in the balance as stakeholders await the outcome of a pivotal proposal. Approval would release frozen funds to complete user reimbursements, closing a turbulent chapter for the Sui-based DEX.
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