Sui Validators Approve Recovery Plan After Cetus Hack

TLDR

• 90.9% of validators approved the recovery plan.
• $162 million is earmarked for user compensation.
• Voting process began on May 27, 2025.

The Sui validators have overwhelmingly approved a recovery plan following a recent breach of the Cetus Protocol. The vote saw a 90.9% approval rate for the plan, which addresses the aftermath of a hack that resulted in $223 million in stolen funds. Of these, $162 million are targeted for recovery.

The decision-making process involved multiple stakeholders, with the Sui Foundation playing a crucial role by facilitating the community vote. A dedicated repository on GitHub was established to manage the voting, emphasizing transparency in handling the hack’s repercussions.

Timeline and Execution of the Voting Process

The voting process commenced on May 27, 2025, at 1 PM PST. Planned to remain open for up to seven days, the swift consensus among validators expedited the decision. This rapid approval reflects the community’s urgency to address the situation effectively.

Following the vote, the action plan includes transferring the targeted $162 million to a multisig wallet. This wallet is earmarked for compensating users affected by the breach. On-chain data confirms this as a significant step toward liquidity restoration in the Sui ecosystem.

Roles of Key Participants in Recovery

The hack primarily impacted assets within the Sui ecosystem, affecting tokens such as the SUI and Cetus Protocol’s native tokens. The Cetus Protocol, the DeFi application at the center of the incident, has been actively involved in recovery efforts. The Sui Foundation has been instrumental in orchestrating the response plan.

For accurate tracking and engagement, the Sui Security Team used a dedicated contract for the recovery vote. Documentation regarding this initiative is available through their GitHub repository. This resource also details comprehensive incident response measures.

List of Affected Cryptocurrencies

Alongside SUI, other assets within the Sui ecosystem have been impacted by this security breach. The recovery plan’s implementation is anticipated to reinforce trust among all parties involved. By emphasizing security and compensating affected users, the community showcases its resilience and commitment.

Past incidents in decentralized finance have followed similar recovery patterns. The strategy employed here aligns with those approaches, emphasizing the dedication to maintaining network integrity and user trust in the aftermath of significant breaches.