05/29/2025
News Flash: Sui $SUI validators are set to decide on a recovery plan for $162M in stolen funds from Cetus:
The Sui $SUI community is preparing to vote on a governance proposal aimed at recovering $162 million in stolen assets from the Cetus decentralized exchange. Following a major exploit on May 22 that resulted in a loss of over $220 million, Cetus has successfully frozen a portion of the funds. A community vote to approve the recovery plan is scheduled to conclude on June 3, as announced by Sui $SUI on May 27.