Cetus Protocol Recovers $160M After Sui Network Hack

The Cetus Protocol, a key trading platform on the Sui blockchain, experienced a significant security breach resulting in a loss of over $223 million. However, following an on-chain vote, a recovery effort saw approximately $160 million returned to the protocol’s multisig wallet. This action involved collaboration between Cetus, the Sui Foundation, and security company OtterSec. )