The Sui Network community has announced its approval of a proposal to unfreeze assets valued at over $160 million, which were frozen following a major breach of the Cetus protocol, one of the leading decentralized finance protocols on the network.

A statement published on May 29 via platform X indicated that 90.9% of the validators participating in the vote agreed to transfer the frozen assets to a multi-signature wallet, paving the way for their return to the affected users as part of a comprehensive compensation plan.

This decision comes after the attacker exploited a vulnerability in third-party code within the Cetus protocol, leading to the withdrawal of liquidity from multiple pools, before transferring part of the funds to the Ethereum network. The validators managed to freeze $162 million of these assets on the Sui network, reducing the extent of the losses.