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BTC $58,733.69 -1.37%
ETH $1,579.10 -0.72%
BNB $547.48 -0.96%
XRP $1.04 -0.24%
SOL $74.51 +0.68%
TRX $0.3164 -0.90%
DOGE $0.0716 -0.97%
ADA $0.1498 +3.19%
BCH $204.02 +2.39%
LINK $7.24 -0.90%
HYPE $65.02 -0.86%
AAVE $85.75 -6.20%
SUI $0.6996 +0.61%
XLM $0.1995 +7.45%
ZEC $401.90 +0.63%

Sui: Supports the Cetus upgrade protocol but will forgo voting, requiring Cetus to fully compensate users

2025-05-24 12:04:57
Collection

ChainCatcher message, Sui officials stated on social media that earlier today, Cetus initiated a community voting proposal to return frozen funds through a protocol upgrade (without rolling back on-chain records or reversing transactions). This is a special request under special circumstances—concerning the asset security of Cetus users. After careful consideration, the Sui team decided to support its on-chain voting proposal, but with two additional conditions:

  • Sui officials will remain neutral on the voting results and waive their voting rights. Sui's responsibility is to design and execute a decision-making process that reflects the collective will of the Sui community (specific plans and code will be announced soon).
  • Cetus must publicly commit to using all financial resources to recover assets until all users receive full compensation.
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