Recovery roadmap, technical implementation, and forward plans

Data block

Collection item

Cetus publicly thanked the Sui community and released a recovery roadmap after the May 29, 2025, governance vote approved unlocking $162 million in frozen exploit-related funds.
The Sui Foundation launched a $10 million initiative to enhance ecosystem security after the Cetus exploit, focusing on protocol audits, formal verification tools, and expanded bug bounty programs.
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.
Liquidity providers impacted by the Cetus exploit will regain access to their assets after the protocol restart, and any unrecovered losses will be addressed through a dedicated compensation contract.
Cetus aims to fully recover and restart its decentralized exchange operations, including product functions and data services, within one week of the May 29, 2025, Sui community governance vote to unlock $162 million in frozen exploit-related funds.

Data source type

Collection data source

Filter

{"where":{"AND":[{"attribute":"Jfmby78N4BCseZinBmdVov","is":"KeG9eTM8NUYFMAjnsvF4Dg"}]}}

Referenced by

Sui community backs fund recovery after $223M Cetus hack

Crypto news

News story