Sui community passes vote to repay $162M to Cetus exploit victims
Sui validators voted to return $162 million in frozen assets from the Cetus exploit, enabling a full recovery and restart plan for impacted users.
Sui validators have approved a governance proposal to return $162 million in frozen assets linked to a recent exploit of the decentralized exchange Cetus, marking a key step toward full user repayment.
Decentralized exchange Cetus was exploited for over $220 million worth of digital assets on May 22, but validators managed to freeze $162 million of the funds shortly after the incident occurred.
In a governance vote concluded on May 29, Sui validators passed the recovery proposal with 90.9% voting in favor, 1.5% abstaining and 7.2% not participating, according to the network’s official governance page.
