Sui Validators Approve $162M Plan to Reimburse Cetus Users

Cetus Community Takes Decisive Action Following Major Cybera

54% of Cetus community supports a recovery plan after a major cyberattack. The plan includes a $60 million SUI credit to cover losses. Continue Reading:Cetus Community Takes Decisive Action Following Major Cyberattack The post Cetus Community Takes Decisive Action Following Major Cyberattack appeare...

Sui Validators Approve $162M Rescue Plan For Cetus

Six days after the $223 million hack of the DEX Cetus, the Sui community approved with 52.9% of the votes The post Sui Validators Approve $162M Rescue Plan For Cetus appeared first on Coinpri.

Sui Validators Vote on $162M Cetus Recovery Proposal

A recovery plan to secure $162M in stolen assets is close to approval by SUI validators. Three signatures are needed for security in the multisig wallet used for the recovery. With increased market volume and activity, the price of the Sui token rises by 6.4%. The Sui community is voting for a governance proposal to recover $162 million in assets stolen from the Cetus Protocol. The stolen funds currently remain in two addresses controlled by the…

Sui Validators Approve $162M Plan to Reimburse Cetus Users

In an unfolding development within the decentralized finance (DeFi) sector, the Cetus Protocol community has made a significant decision regarding frozen funds on their platform. The community recently voted to initiate a procedural recovery of these assets, showcasing proactive steps in addressing potential vulnerabilities within the blockchain system. Understanding the Impact of Frozen Funds Frozen funds in the realm of DeFi platforms like Cet…