Sui community passes vote to repay $162M to Cetus exploit victims
AI summary of the linked articleSui validators approved a governance proposal to return $162 million in frozen assets linked to the Cetus decentralized exchange exploit, a key step toward full user repayment. The Cetus exploit took over $220 million in digital assets on May 22, and validators froze $162 million of those funds shortly after. In a governance vote concluded May 29, 90.9% voted in favor, 1.5% abstained and 7.2% did not participate, according to the network's governance page. Cetus aims to complete its full recovery and restart in about one week, according to a May 29 X post. |
1 comment mishaSubmitter A $200 million-plus exploit targeting Cetus, a decentralized exchange on the Sui network, has reignited debate over decentralization in blockchain protocols after Sui validators collectively froze $162 million of the stolen funds. Some decentralization advocates called foul, criticizing Sui validators’ ability to pause fund transfers on the blockchain as a sign of centralization. Other investors applauded the rapid response and coordination against the attackers. |
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