Sui Validators Approve Return of Frozen Assets Following Cetus Exploit

Sui validators have voted in favor of returning $162 million in frozen assets tied to a recent exploit at the decentralized exchange, Cetus. This decision marks a crucial step towards full user compensation after Cetus suffered an attack worth over $220 million on May 22. Validators immediately froze these funds upon discovering the exploitation, preventing further losses. The vote concluded on May 29 with 90.9% in favor of the recovery proposal and only minor abstentions or lack of participation.