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ETH $2,394.21 +4.41%
BNB $644.28 +2.49%
XRP $1.45 +2.04%
SOL $87.94 +3.48%
TRX $0.3284 -0.92%
DOGE $0.0971 +3.36%
ADA $0.2531 +3.33%
BCH $463.59 +4.33%
LINK $9.44 +1.57%
HYPE $40.86 +3.11%
AAVE $94.17 +3.23%
SUI $0.9638 +3.32%
XLM $0.1799 +2.05%
ZEC $324.72 +3.08%

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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