$162M RECOVERY APPROVED! $SUI
COMMUNITY STRIKES BACK AFTER CETUS HACK 💥🛡️
The Sui blockchain just showed the world how resilient communities fight back!
🔒 What Happened?
On May 22, DeFi giant Cetus was hacked using fake tokens, resulting in a massive $223M exploit. While $60M was siphoned off to Ethereum, Sui validators quickly froze $162M of the attacker’s funds — and now, that money is coming back.
📢 Community-Driven Justice: The Sui community voted on a proposal to recover and return stolen funds through a special transaction. With 52.7% approval, the vote passed — setting the stage for a historic DeFi recovery.
💼 Next Steps:
Funds to be transferred to a multisig wallet controlled by the Sui Foundation & OtterSec
Pending final approval, the recovery will be implemented via a future Sui upgrade
📈 Market Reacts:
The news sent $SUI surging +7%, now trading at $3.68, as trader confidence spikes.
⚠️ The Debate:
Some hail it as user-first leadership, while others raise concerns over centralization. But one thing is clear — the Sui ecosystem acted fast, and users will be made whole.
Follow community
Be early, be profitable! Tap in before the market leaves you behind — this is the time to ride the trend!
DeFi just got a masterclass in damage control — and $SUI led the way.