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May 28, 2025

Sui Community Votes to Advance Cetus Recovery Plan After Significant Exploit

In a significant step towards recovery, the Sui community has voted to advance the Cetus recovery plan after a major exploit resulted in a loss of $223 million. With majority support already achieved, the next phase will involve transferring funds to a secure multi-signature wallet to begin reimbursement processes. The community’s participation highlights their commitment to restoring confidence in the protocol. Stakeholders feel optimistic about the vote’s outcome and what it means for future security and transparency. As funds are secured, communities rally together to ensure that such incidents are mitigated going forward. The active involvement of community members reflects a strong desire for recovery and trust in the project’s roadmap.

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