Sui Community Approves $162M Recovery Transaction for Cetus Hack Victims

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On May 22, Cetus, the leading decentralized exchange on the Sui blockchain, was hacked, losing around $223 million. The attack involved fake tokens that manipulated the platform’s price system. Within hours, $60 million was moved to Ethereum, but Sui validators acted quickly and froze about $162 million. In response, Cetus and the Sui Foundation worked together on a recovery plan.

A proposal titled “Whether to Return Stolen Assets of the Cetus Protocol Through a Special Transaction” was put to a vote. It aimed to reclaim the frozen funds from the hacker’s wallet. The Sui community voted strongly in favor, with over 52% of the stake supporting the idea. The proposal has now passed. Moreover, a multisig wallet, managed by the Sui Foundation and OtterSec, will receive the funds and ensure their safe return to Cetus.