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BTC $78,229.33 -1.06%
ETH $2,180.71 -1.73%
BNB $656.51 -2.38%
XRP $1.41 -1.40%
SOL $86.58 -2.87%
TRX $0.3544 +0.78%
DOGE $0.1098 -2.87%
ADA $0.2548 -2.38%
BCH $417.46 -1.75%
LINK $9.74 -3.05%
HYPE $41.89 -4.58%
AAVE $90.33 -2.57%
SUI $1.06 -2.58%
XLM $0.1516 -1.69%
ZEC $511.79 -1.27%

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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