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Sui community approves release of $162M in tokens frozen during Cetus hack – TON BOT

Sui community approves release of $162M in tokens frozen during Cetus hack

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Nearly 91% of Sui stake validators approved the release of $162 million seized in a recent exploit, allowing Cetus to reimburse users and resume operations. Funds will be transferred to a multi-signature wallet for repayment, with a roadmap outlined for recovery within a week.Validators will execute a protocol upgrade to unlock the frozen assets and restore liquidity, with plans for minimal-impact strategies to rebalance pools. A compensation contract will distribute unrecovered amounts, with transparent progress reports promised during the recovery process. Staff are fully mobilized to meet the timeline, ensuring user reimbursement and exchange relaunch.

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