The post Cetus Protocol Hack: Community Approves Full Refund Amid CETUS Price Crash appeared first on Coinpedia Fintech News
Cetus protocol, a decentralized exchange on the Sui blockchain, faced 2025’s second big exploit, which took place on May 22, severely impacting Sui-based tokens and leading to a 50% drop in Cetus’s native token, CETUS price, as well.
Following that, CETUS said on Tuesday that it is prepared to return 100% of user funds lost in a $223 million exploit, based on the outcome of a community vote.
Now, a recent optimistic update joined this Friday, May 30th, a recent post from CETUS highlighted that within just 48 hours, the Sui community united to pass this critical on-chain decision. As a result of the vote, more than 90% of validators and stakers voted in CETUS’ favour.
As a result, now a on-chain governance proposal to move the frozen funds into a multi-sig wallet. The vote is a critical step in Cetus’s recovery plan after a $223 million exploi
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