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The Sui community is voting on a proposal to recover $162 million in stolen crypto from Cetus Protocol after a recent exploit. Early voting shows strong support for the recovery plan, with 71% of validators approving. Cetus has also secured additional funds to cover remaining losses.
- A hacker stole $223M from Cetus DEX via a smart contract exploit, but $162M was frozen and is now subject to a community recovery vote.
- The Sui vote excludes the Sui Foundation’s stake for neutrality and requires >50% validator participation with majority 'yes' votes to pass.
- Cetus has backup funding (cash, tokens, and a Sui Foundation loan) to cover remaining losses if the recovery plan is approved.
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