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Sui community passes vote to repay $162M to Cetus exploit victims

cryptoweekly by cryptoweekly
May 30, 2025
in bitcoin, News
0

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 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.

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.

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.

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Recent Posts
  • Sui community passes vote to repay $162M to Cetus exploit victims
  • SEC crypto staking guidance ‘major step forward’ for US: Crypto Council
  • Thailand to block Bybit, OKX and other crypto exchanges on June 28
  • Bitcoin bull market 'great validator' comes as James Wynn loses $100M
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