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BTC $61,535.97 +0.43%
ETH $1,591.05 +0.12%
BNB $580.34 +0.66%
XRP $1.11 +0.29%
SOL $63.48 -1.34%
TRX $0.3239 +1.04%
DOGE $0.0832 +1.03%
ADA $0.1612 +0.96%
BCH $219.54 +3.05%
LINK $7.53 +1.95%
HYPE $58.17 -3.79%
AAVE $62.09 -0.16%
SUI $0.7472 +3.65%
XLM $0.2156 +8.25%
ZEC $383.06 +0.59%

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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