📊 $160M back in the game — $CETUS rescued, vote sealed the deal
A lightning-fast on-chain vote on #sui , multisig wallet activated, funds secured — Cetus has been pulled back from the brink. It’s one of the most striking crisis-management cases in #defi lately.
➡️ What happened?
🟡 A hack on the #Cetus DEX wiped out $160M in liquidity
🟡 In less than 48 hours, over 90% of validators and stakers voted to transfer the funds
🟡 The vote passed: funds are now secured in a multisig wallet (Cetus + OtterSec + Sui Foundation)
➡️What’s next?
🟡 The compensation contract is nearly ready, final audit in progress
🟡 Pool restoration is underway — the team is manually verifying losses
🟡 Affected assets will be carefully converted — no wild swaps that could tank the market
🟡 All protocol functions are being prepped for relaunch
And most importantly — on June 2, Cetus will host a #Twitter Space to walk through everything step by step and answer community questions. No silence, no spin.
From a massive exploit, Cetus emerges alive — a reminder that with trust, speed, and transparency, even the worst-case can be salvaged.