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Sui validators have approved the release of $162 million in frozen tokens following the Cetus DEX exploit. The funds will be used to reimburse users and restore full operations. The decision marks a swift resolution to a major DeFi security incident.
- 91% of Sui validators approved the release of $162M frozen during the Cetus exploit to reimburse users.
- The funds will be held in a multi-sig wallet managed by Cetus, OtterSec, and the Sui Foundation until repayment.
- Cetus has an eight-step recovery plan, including protocol upgrades and pool rebalancing, targeting a full relaunch in one week.
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Other Tags: Blockchain, DeFi, DEX, Sui Foundation