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ETH $1,854.22 -1.62%
BNB $564.80 -0.43%
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TRX $0.3295 -0.43%
DOGE $0.0694 -0.45%
ADA $0.1621 -2.91%
BCH $209.65 -0.77%
LINK $8.27 -2.80%
HYPE $57.18 -2.58%
AAVE $91.00 -5.42%
SUI $0.7042 -4.08%
XLM $0.1768 -3.39%
ZEC $476.76 -6.09%

Sui: Supports the Cetus upgrade protocol but will forgo voting, requiring Cetus to fully compensate users

2025-05-24 12:04:57
Collection

ChainCatcher message, Sui officials stated on social media that earlier today, Cetus initiated a community voting proposal to return frozen funds through a protocol upgrade (without rolling back on-chain records or reversing transactions). This is a special request under special circumstances—concerning the asset security of Cetus users. After careful consideration, the Sui team decided to support its on-chain voting proposal, but with two additional conditions:

  • Sui officials will remain neutral on the voting results and waive their voting rights. Sui's responsibility is to design and execute a decision-making process that reflects the collective will of the Sui community (specific plans and code will be announced soon).
  • Cetus must publicly commit to using all financial resources to recover assets until all users receive full compensation.
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