Sui Validators Approve $162 Million Recovery Plan for Cetus Hack Victims

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On May 22, the decentralized exchange Cetus, operating on the Sui blockchain, suffered a significant exploit that resulted in the loss of approximately $223 million. In a swift response, Sui validators managed to freeze around $162 million of the stolen funds, paving the way for a community-driven recovery plan that has now received overwhelming support.

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