Sui Community Votes to Recover Stolen $162 Million from Cetus Hack

The Sui community is currently voting on whether to recover the stolen $162 million that was taken during a hack of the Cetus decentralized exchange. The vote, which began on June 3rd, has garnered 52% support for the proposal. This decision has significant implications for the stability of Sui, Lofi, and Hippo tokens, as well as the broader crypto market. The incident highlights concerns about blockchain security and potential changes in how breaches are addressed in decentralized networks.