The recovery process approved by the Sui community on May 29, 2025, will begin with validators implementing a network upgrade to transfer $162 million in frozen exploit-related funds to a multisignature wallet controlled by Cetus and its partners, enabling emergency pool upgrades and data restoration.

Quotes that support claims

First, Sui validators will implement the upgrade to transfer the frozen funds to the Cetus multisignature wallet, then Cetus can initiate the upgrade for its emergency recovery pool and full data restoration.

Under the plan, Sui network validators will transfer frozen funds to a multisignature trust jointly controlled by Cetus, blockchain security firm OtterSec, and the Sui Foundation via a network upgrade.