SUI Community Moves Forward with Onchain Vote to Recover $223M from Cetus Protocol Exploit

The sui community has launched a critical onchain vote to reclaim $223 million in user funds lost during a recent exploit of the Cetus Protocol. Voting began on May 27 and will remain open for seven days, with 54 out of 56 validators already approving the proposal—representing 55.2% of staked voting power.

The plan involves transferring the compromised assets to a new multi-signature wallet managed by ecosystem stakeholders. Given that both majority and participation thresholds have been met, approval seems likely unless remaining validators unexpectedly oppose the measure before the June 3 deadline. The vote could conclude early if outstanding stakes cannot change the outcome.

Cetus Protocol, a decentralized exchange on Sui, has pledged full reimbursement to affected users if the funds are recovered. The SUI Foundation confirms that the exploited assets remain frozen since the breach, with this vote serving as the only community-approved recovery method.