The SUI protocol begins a proposal to upgrade the protocol for the return of the stolen CETUS funds.
Alisa Davidson
Post: May 28, 2025 8:13 AM Update: May 28, 2025 8:13 am
Edit and fact confirmation: May 28, 2025 at 8:13 am
simply
The SUI has announced a proposal for governance proposals that request a community approval aiming to be a certain deal to return the stolen assets in the CETUS protocol, which is currently held as two attackers’ control addresses.
In accordance with the CETUS recovery plan, the Class 1 Block Chain Platform SUI has announced a proposal for governance proposals that request a community approval to return certain transactions to return the stolen assets in the CETUS protocol, which is currently owned by two attacker control addresses. Voting for the proposal is in progress and continues to open until 8 pm on June 3. So far, 55.4%of the validity tests have voted for voting.
If the proposal is approved, the update SUI network update introduces a protocol modification that allows you to one -time approval of two specific transactions. These transactions are pre -programmed to the attacker address, stolen assets and intended destinations. The system checks and passes the voting results and transfers the stolen funds from the attacker control address to Cetus Multi-Signature Wallet, and co-operates as a signer by Cetus, Sui Foundation and OTERSEC.
The voting procedure is set to open for up to 7 days. The validity testing machine may vote as “yes”, “no” or “preparation”, and once it is submitted, the vote cannot be changed. The voting rights are determined by the shares of each validation test, and the stake in SUI FOUNDATION is excluded to preserve fairness. Stakeholders are advised to delegate steaks to validity testors who reflect voting preference.
In order for the proposal to pass, more than half of the total participation steaks (excluding prohibitions) must vote as “yes” or “no”, and the weighted “yes” voting must exceed the weighted “no” vote. If the remaining UNCAST votes can’t affect the final results, the voting may end early after at least two days.
In a separate statement, CETUS, a distributed exchange and liquidity infrastructure provider of the SUI network, announced that on May 22, an individual affected by $ 223 million abuse can recover the full amount of money lost. CETUS said that by using cash and token reserves in social media platform X, the voting success is ready to fully repay the current chain -off chain. These efforts include loans from SUI FOUNDATION, which can fully restore all users affected.
The protocol emphasized that the full recovery depends on the results of the community voting and urged the SUI community to support initiatives. CETUS acknowledged the abnormal characteristics of the request and expressed conviction that this approach was the most appropriate solution for those who were affected.
Regardless of the voting results, CETUS tried to immediately start recovery and promised to solve the situation responsibly. The exploitation of May 22 led to a loss of $ 223 million, with a significant decrease in several SUI -based tokens, along with CETUS tokens.
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About the author
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
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Alisa Davidson
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More