“Sui Foundation validators supported the proposal to unlock and transfer to a separate wallet the funds stolen as a result of Cetus. The protocol will resume work within a week. Within Just 48 Hours, The Sui Community United to Pass A Critical On-Chain Vote-Marking A Pivotal Moment for the Entire Ecosystom. Cetus Extends Our Deepest Gratitude to the> 90% of Validators […]”, – WRITE: Businessua.com.ua
Sui Foundation validators supported the proposal to unlock and transfer to a separate wallet the funds stolen as a result of Cetus. The protocol will resume work within a week.
Within Just 48 Hours, The Sui Community United to Pass A Critical On-Chain Vote-Marking A Pivotal Moment for the Entire Ecosystom. Cetus Extends Our Deepest Gratitude to the> 90% of Validtors and Stakers Who Voted in Favor. Regardless of your Stance, Your Participation… https://t.co/un2drldrtw
– CETUS🐳 (@Cetusprotocol) May 29, 2025
“Cetus plans to complete its complete recovery and restart in about a week, which will include data recovery, restart the updated CLMM contract and complete recovery of all the suspended product functions, including LP functions,” the developers said.
It is about $ 162 million blocked on the wallets of the attacker due to the consent of the network participants to ignore its transactions. These funds will be transferred to a multisigozhamanets under the joint control of Cetus, the security firm Ottersc and Sui Foundation for further distribution among the affected users.
The Exchange will also create a special compensation contract and an emergency pool within the Contentrated Liquidity Market Maker (CLMM).
Recall that the attacker took advantage of the Cork Protocol Defi-Protocol Smart Contacts and stole $ 12 million in cryptocurrency.
The gun
Please wait …