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Home»ALTCOIN NEWS»CETUS, which was voted for $ 162m stolen, provides emergency loans.
ALTCOIN NEWS

CETUS, which was voted for $ 162m stolen, provides emergency loans.

By Crypto FlexsMay 28, 20252 Mins Read
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CETUS, which was voted for $ 162m stolen, provides emergency loans.
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The SUI -based distributed exchange CETUS may be closer to the recovery of funds lost in recent exploitation, depending on the results of the community governance vote scheduled until June 3.

CETUS was exploited on May 22 as a digital asset of more than $ 220 million, and immediately after this incident, CETUS frozen $ 162 million.

SUI said on May 27 that CETUS requested a community vote to approve the recovery of frozen funds.

“If the community vote is approved, the funds are collected from the attacker and will be held as a multi -trust trust account until they are returned to an account with a position in the CETUS.”

This voting is part of a wide range of recovery plans that use CETUS’s finance and include emergency loans from the SUI Foundation.

source: Sui

The ability to frozen the SUI validation tester has caused controversy in the community, some users criticized the central central risk, and other users praised their responds to the positive stage of security.

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SUI (SUI) token holders may get an valid tester that votes their delegated tokens according to their preferences.

The SUI community is a vote for the FROZEN CETUS Fund. Source: sui

At the time of writing, 52.9%of the validity tests voted in favor and 46.7%had not yet voted, according to SUI Blockchain Explorer data.

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CETUS requests a Sui Foundation emergency loan.

CETUS also requested an effective inspector and a community support for SUI’s emergency loans and the return of stolen funds.

CETUS is in a “location where I can fully cover theft assets” if you recover a locked fund through the ongoing community vote.

CETUS said in the X POST on May 27, “It contains important loans from the SUI Foundation and can recover 100% for all affected users.

source: Sayed

CETUS said that the recovery process will begin immediately, regardless of the results of the vote. This protocol plans to post a detailed plan to explain the following steps for the affected users.

https://www.youtube.com/watch?v=Hvoqj4xs88s

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