{"id":1469,"date":"2025-05-30T06:29:53","date_gmt":"2025-05-30T06:29:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sui-community-approves-on-chain-vote-to-recover-funds-frozen-after-223m-cetus-hack\/"},"modified":"2025-05-30T06:29:53","modified_gmt":"2025-05-30T06:29:53","slug":"sui-community-approves-on-chain-vote-to-recover-funds-frozen-after-223m-cetus-hack","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sui-community-approves-on-chain-vote-to-recover-funds-frozen-after-223m-cetus-hack\/","title":{"rendered":"Sui community approves on-chain vote to recover funds frozen after $223M Cetus hack"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Sui community has voted to unlock over $160 million in frozen assets following a major exploit of Cetus, a leading decentralized finance protocol on the network.<\/p>\n<p>In a May 29 post on X, Sui (SUI) confirmed that validators representing 90.9% of the total stake voted \u201cyes\u201d in an on-chain governance proposal to move the frozen funds into a multi-sig wallet. The vote is a critical step in Cetus\u2019s (CETUS) recovery plan after a $223 million exploit rocked the protocol on May 22.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update \u2013 Validators representing 90.9% of stake have said \u201cYes\u201d in the onchain community vote, and the vote has concluded early. <\/p>\n<p>With this result, the impacted funds will be moved to a multi-sig wallet and held in trust until they can be returned to users according to the plan\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/qG8aPAhD8e\" target=\"_blank\">https:\/\/t.co\/qG8aPAhD8e<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/WjiSbLWt8n\" target=\"_blank\">pic.twitter.com\/WjiSbLWt8n<\/a><\/p>\n<p>\u2014 Sui (@SuiNetwork) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SuiNetwork\/status\/1928181165909008690?ref_src=twsrc%5Etfw\" target=\"_blank\">May 29, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The community vote was initiated after Cetus requested protocol-wide support to recover and return assets that were frozen on-chain following the hack. The attacker had exploited a vulnerability in third-party code to drain multiple liquidity pools, later bridging a portion of the funds to Ethereum (ETH). Validators managed to freeze $162 million of the stolen assets on Sui before more damage could be done.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>As part of the recovery plan, the unlocked funds will be held in a trust account controlled by a multisig until they can be returned to affected users. Cetus has committed to combining the recovered funds with its treasury and a loan from the Sui Foundation to ensure all victims are fully reimbursed.<\/p>\n<p>Although the flaw was in Cetus\u2019 code, not the Sui network itself, Sui is treating the exploit as a critical moment for the ecosystem\u2019s security model. In response, it announced a $10 million initiative to improve protocol-level audits and formal verification tools. Sui is also expanding its bug bounty program to cover major protocols with high total value locked.<\/p>\n<p>Sui\u2019s transparent and community-driven response has been praised by some community members, while others continue to express concerns about freezing wallets in a supposedly decentralized system. The vote was open to both validators and individual stakers, whose choices were reflected through their delegated stake.<\/p>\n<p>With the vote now finalized, Cetus is expected to release a detailed timeline for reimbursements. Compensation efforts are set to begin soon, with full repayment now possible due to the newly recovered funds.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sui community has voted to unlock over $160 million in frozen assets following a major exploit of Cetus, a leading decentralized finance protocol on the network. In a May&hellip;<\/p>\n","protected":false},"author":1,"featured_media":769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1469"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1469\/revisions"}],"predecessor-version":[{"id":1470,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1469\/revisions\/1470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/769"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}