Sui validators approve $162M repayment plan for Cetus exploit victims

#SuiNetwork validators have approved a governance proposal to return $162 million in frozen assets to users affected by the recent #Cetus exploit. The vote, which concluded on May 29, saw over 90% of participants in favor.

The decentralized exchange Cetus was exploited on May 22 for over $220 million. However, $162 million was quickly frozen by validators, paving the way for recovery efforts.