DEXRecovery

🛑 𝐂𝐞𝐭𝐮𝐬 𝐚𝐬𝐤𝐬 𝐒𝐮𝐢 𝐭𝐨 𝐫𝐞𝐰𝐫𝐢𝐭𝐞 𝐟𝐚𝐭𝐞: 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐯𝐨𝐭𝐞 𝐜𝐨𝐮𝐥𝐝 𝐫𝐞𝐜𝐨𝐯𝐞𝐫 $𝟏𝟔𝟐𝐌 𝐡𝐚𝐜𝐤𝐞𝐝 𝐟𝐮𝐧𝐝𝐬!

✅ Cetus DEX suffered a $223M exploit on Sui
✅ Now launching a vote to force-reclaim $162M in frozen hacker funds
✅ Aims for 100% user reimbursement via a loan from the Sui Foundation
✅ Recovery depends on a protocol-level upgrade approved by the Sui community

🔓 What’s the Plan?

• Cetus proposes a hard-coded fix that bypasses hacker wallets
• Funds will be transferred to a secure multisig wallet
• Requires no hacker signature — just community consensus
• Supported by Cetus, Sui Foundation, and OtterSec

🗳 Voting Breakdown:

• Vote opened: May 27, 1 PM PT
• Needs:
🔸 50%+ stake participation
🔸 Majority YES votes
• Status so far:
🟢 37.3% = YES
🔴 0% = NO
⚪ 62.7% = Undecided
• Vote may close early if the outcome becomes locked

🛠 How the Hack Worked:

• Exploit in overflow logic allowed hackers to manipulate liquidity
• $61.5M already bridged to Ethereum
• Remaining funds frozen on Sui chain
• Post-mortem confirms flaws in oracle + AMM design

📈 Market Response:

• SUI dropped from $4.18 to $3.82 after exploit
• Now rebounding — up 6.9% to $3.70 (CoinGecko)

🌐 Cetus says recovery is fully funded — all they need is the greenlight from Sui.
Will the community step up and rewrite the chain?

👇 Drop your vote or thoughts in the comments!

#Cetus #SuiHack #DEXRecovery #Web3Security #BinanceSquare