Sui community passes governance vote to recover stolen Cetus funds blocked by validators in $223M heist

Description

Cetus, a Sui based decentralized exchange, received overwhelming support for its plan to unlock tokens stolen and later blocked during a massive $223 million exploit last Thursday.

Authors

Naga Avan-Nomayo

Publish date

May 30, 2025

Publisher

The Block

Related projects

SUI

Cetus Protocol

Referenced by

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.

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Cetus intends to restart its platform in a week, after using frozen attacker funds and cash/token reserves to reimburse losses from the incident.

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Cetus is aiming to complete its full recovery and restart in approximately one week, which will include data restoration, restarting the upgraded CLMM contract, and fully resuming all paused product functions, including LP functions.

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