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Sui governance passed a proposal to unlock $162M in frozen Cetus hacker funds.
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Funds will be transferred to a multisig trust for reimbursement.
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Cetus plans to relaunch within a week using recovered assets.
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The exploit ranks among DeFi’s biggest hacks to date.
Sui Community Supports Cetus Recovery Plan
Following a massive $223 million exploit on the Cetus DEX, the Sui community voted overwhelmingly to support a recovery plan. 90% of voters backed a proposal to unfreeze $162 million in stolen funds previously locked by Sui validators and transfer them to a secure multisig trust.
Funds Will Be Used to Compensate Victims
The recovered assets will be managed by Cetus, blockchain security firm OtterSec, and the Sui Foundation. The goal is to reimburse affected users and restore confidence in the platform. Cetus also plans to introduce a dedicated compensation contract and emergency liquidity features.
Cetus Aims for Full Restart Within a Week
Cetus said it expects to resume full platform functionality within one week, including restored liquidity pools, LP features, and updated smart contracts. The exploit, traced to a vulnerability in the CLMM model, is now patched, and a $6 million white-hat bounty remains on the table for returning ETH bridged to Ethereum.
Another Blow in DeFi’s History of Hacks
The Cetus attack joins a long list of high-profile DeFi breaches, which have cost over $5.3 billion in losses. Despite security improvements, the incident highlights the persistent risk in the sector and the importance of strong community governance for crisis recovery.
