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BTC $60,737.22 -3.72%
ETH $1,559.70 -8.78%
BNB $571.20 -3.84%
XRP $1.08 -4.55%
SOL $62.14 -7.12%
TRX $0.3192 -2.50%
DOGE $0.0800 -7.08%
ADA $0.1524 -8.35%
BCH $207.43 -12.79%
LINK $7.22 -6.72%
HYPE $59.13 -5.45%
AAVE $59.93 -13.40%
SUI $0.6838 -7.23%
XLM $0.1933 -2.20%
ZEC $370.34 -5.05%

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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