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BTC $61,004.05 -1.37%
ETH $1,573.92 -4.71%
BNB $576.69 -0.17%
XRP $1.09 -0.93%
SOL $63.01 -2.85%
TRX $0.3210 -1.11%
DOGE $0.0810 -2.91%
ADA $0.1555 -4.20%
BCH $211.07 -5.35%
LINK $7.34 -1.48%
HYPE $59.58 -1.88%
AAVE $61.41 -6.68%
SUI $0.7054 +0.65%
XLM $0.1951 +1.74%
ZEC $374.10 +7.09%

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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