๐ ๐๐๐ญ๐ฎ๐ฌ ๐๐ฌ๐ค๐ฌ ๐๐ฎ๐ข ๐ญ๐จ ๐ซ๐๐ฐ๐ซ๐ข๐ญ๐ ๐๐๐ญ๐: ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ฏ๐จ๐ญ๐ ๐๐จ๐ฎ๐ฅ๐ ๐ซ๐๐๐จ๐ฏ๐๐ซ $๐๐๐๐ ๐ก๐๐๐ค๐๐ ๐๐ฎ๐ง๐๐ฌ!
โ Cetus DEX suffered a $223M exploit on Sui
โ Now launching a vote to force-reclaim $162M in frozen hacker funds
โ Aims for 100% user reimbursement via a loan from the Sui Foundation
โ Recovery depends on a protocol-level upgrade approved by the Sui community
๐ Whatโs the Plan?
โข Cetus proposes a hard-coded fix that bypasses hacker wallets
โข Funds will be transferred to a secure multisig wallet
โข Requires no hacker signature โ just community consensus
โข Supported by Cetus, Sui Foundation, and OtterSec
๐ณ Voting Breakdown:
โข Vote opened: May 27, 1 PM PT
โข Needs:
๐ธ 50%+ stake participation
๐ธ Majority YES votes
โข Status so far:
๐ข 37.3% = YES
๐ด 0% = NO
โช 62.7% = Undecided
โข Vote may close early if the outcome becomes locked
๐ How the Hack Worked:
โข Exploit in overflow logic allowed hackers to manipulate liquidity
โข $61.5M already bridged to Ethereum
โข Remaining funds frozen on Sui chain
โข Post-mortem confirms flaws in oracle + AMM design
๐ Market Response:
โข SUI dropped from $4.18 to $3.82 after exploit
โข Now rebounding โ up 6.9% to $3.70 (CoinGecko)
๐ Cetus says recovery is fully funded โ all they need is the greenlight from Sui.
Will the community step up and rewrite the chain?
๐ Drop your vote or thoughts in the comments!