Sui validators vote on $162M Cetus recovery plan to restore user funds

Cetus may recover $162 million in stolen funds if the Sui community approves a governance vote, with a full user fund recovery plan already in motion.

Sui-based decentralized exchange Cetus may be one step closer to recovering funds lost in a recent exploit, pending the outcome of a community governance vote scheduled to end June 3.

Cetus was exploited for over $220 million worth of digital assets on May 22. Shortly after the incident, Cetus managed to freeze $162 million of the funds.

In a May 27 post on X, Sui said Cetus had requested a community vote to approve the recovery of the frozen funds.

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