SUI-based decentralized exchange cetus can be close to the recovery of money lost in an exploitation recently, pending the result of the community regime votes ending on June 3.
Cetus was exploited on 22 May for digital assets of more than $ 220 million. Soon after the incident, Cetus managed to freeze the $ 162 million funds.
On 27 May Post On X, the needle said that the seat had requested a community vote to approve the recovery of frozen money.
“If community votes are approved, the amount will be recovered from the attacker and a multicing trust will not be held in the account until they could be returned to the accounts who had positions in the seats.”
The vote is part of a comprehensive recovery scheme that involves using the treasury of the sets and obtaining emergency loans from the Sui Foundation.
The ability of the SUI verifications to free the bow has created a debate within the community, some users criticize the centralization risk and others admire the rapid response as a positive step for safety.
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SUI (SUI) token hearing can stake their delegated tokens at stake that votes as per their choice.
At the time of writing, 52.9% verifications voted in favor, while 46.7% have cast their votes so far, needle blockchain explorer data Show off,
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Cetus Sui Foundation asks for emergency loan
Cetus has also requested an emergency loan from SUI, as well as with verification and community support for the return of stolen funds.
CETUS is now in a position of “completely covering the theft property” if the locked funds are recovered through the ongoing community votes.
“This includes a significant loan from the Sui Foundation, making it possible for all affected users to recover 100%,” CETUS said on 27 May. Post,
Despite the result of the vote, Cetus said that a recovery process would begin immediately. The protocol plans to publish a detailed plan outlining the next stages for the affected users.
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