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Sui Validators Vote On A $162 Million Recovery Strategy For Cetus

A decentralized exchange based on Sui, Cetus, could be on the path to retrieving funds lost in a recent exploit, depending on the results of a community governance vote that is set to conclude on June 3.

On May 22, Cetus suffered an exploitation that resulted in the loss of over $220 million in digital assets. Following the incident, Cetus successfully managed to freeze $162 million of the affected funds.

In a post made on X on May 27, Sui announced that Cetus had asked for a community vote to sanction the recovery of the frozen assets.

Kim Lance:
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