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BTC $77,476.42 -0.80%
ETH $2,299.98 -2.01%
BNB $624.54 -1.18%
XRP $1.40 -1.94%
SOL $84.80 -1.90%
TRX $0.3255 +0.55%
DOGE $0.0980 -0.80%
ADA $0.2465 -2.35%
BCH $453.39 +0.37%
LINK $9.27 -2.28%
HYPE $42.04 +1.83%
AAVE $97.33 +1.92%
SUI $0.9299 -1.71%
XLM $0.1670 -2.38%
ZEC $357.93 +0.69%

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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