Sui Proposes Unique Solution to Recover Frozen Funds

Cetus, a prominent cryptocurrency exchange operating on the Sui Network, has proposed a novel protocol upgrade to restore frozen funds. The proposal seeks to achieve this without reversing on-chain transactions. Cetus’s approach garnered support from the Sui Foundation, which opted not to participate in voting due to its commitment to decentralized governance. The foundation’s neutrality reflects their belief that community consensus is paramount for successful implementation of the upgrade.