🚨 Big news for the Sui ecosystem! The Sui community has overwhelmingly approved an on-chain vote to recover $162M in frozen funds after the $223M Cetus Protocol hack on May 22, 2025.
🔑 Key Highlights:
Over 90% of Sui validators & stakers backed the recovery plan.
$162M in assets to be moved to a multisig wallet (Cetus, OtterSec, Sui Foundation).
Cetus aims to resume operations within a week & fully reimburse users.
Sui Foundation supports with a $60M loan to cover bridged assets.
CETUS token surged 27% to $0.1665 after the announcement!
🛡️ Security Boost: Sui launches a $10M initiative for protocol audits & verification tools to strengthen DeFi.
💬 The move highlights Sui’s quick response but sparks debate on decentralization. What are your thoughts?
#BİNANCE #SUI🔥 #Cetus #CryptoNews #defi
