Cetus Protocol Successfully Moves $160 Million Recovered Assets

The Cetus protocol, a liquidity provider on the Sui blockchain, has transferred approximately $160 million of recovered funds to a multi-sig wallet following an on-chain vote. This marks a significant milestone in their recovery phase. The transfer was approved by over 90% of validators and completed within just four days. Cetus plans to host a Public Twitter Space in June to engage with the community, provide updates on the protocol’s recovery progress, and address client concerns about the attack.