Last week, hackers stole $223 million from the Cetus Protocol, a decentralized exchange (DEX) on the Sui blockchain. Cetus quickly froze $162 million of the stolen funds. Now, the Sui community is voting on a plan to get that money back.
How the Recovery Works
The proposal involves a special transaction to return the frozen assets from the hackers’ accounts back to Cetus. This requires a one-time authorization hard-coded with the hackers’ addresses and the stolen funds’ details.
The Vote
The vote is weighted by the validators’ stake in the Sui network, but the Sui Foundation isn’t voting to stay neutral. The proposal passes if over 50% of the total stake votes “yes”.
The voting deadline is next week, but it could be decided much sooner. With 71% of validators already voting “yes” (compared to a tiny fraction voting “no”), the outcome seems likely.
Cetus’s Plan
Cetus says it can cover the remaining losses ($61 million) using its own funds and a loan from the Sui Foundation, assuming the community vote succeeds. They’re urging the community to support the recovery effort.
