#Cetus Protocol has released a comprehensive #communityupdate for the first time since the attack, clarifying both the status of user funds and its plans for the upcoming period. According to the update, some of the stolen funds were transferred to different networks, while assets on $SUI were frozen by validators.
At this point, $CETUS focuses on two scenarios:
- Authorize the return of frozen funds through an up-chain vote by the @Sui community
- Reaching a whitehat agreement with the attacker or identifying him/her and initiating legal proceedings
The team states that they continue to negotiate with interested parties in different networks regarding funds that have been taken off-chain. In addition, the data recovery process on the Cetus protocol is actively underway and it may take some more time for transactions to return to normal.
Cetus' transparent handling of this process is remarkable in terms of showing how decentralized structures act in crisis management. At this stage, the #SUI🔥 community is experiencing not only the technical response to an attack, but also how to rebuild trust through on-chain governance. The final decision will rest with the community.
