Sui Validators Approve Funds Return After Cetus Exploit

Sui network validators voted in favor of returning $162 million in digital assets frozen following a significant exploit targeting the decentralized exchange Cetus, paving the way for affected users to reclaim their funds. The proposal garnered overwhelming support, with 90.9% of participants backing it after an on-chain governance vote. The approval will see these frozen funds moved to a multisig wallet controlled by both Cetus and the Sui Foundation, according to official statements.