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BTC $62,961.87 +0.24%
ETH $1,877.99 +0.14%
BNB $611.07 +1.10%
XRP $1.00 +0.14%
SOL $75.19 -0.36%
TRX $0.3306 -0.68%
DOGE $0.0699 +0.82%
ADA $0.1784 -0.87%
BCH $204.69 -0.30%
LINK $9.31 +5.58%
HYPE $55.89 -0.97%
AAVE $87.04 +0.66%
SUI $0.6820 +0.81%
XLM $0.1579 -0.73%
ZEC $488.36 +0.51%

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

2025-05-24 12:04:57

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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