Sui Network Votes 90% in Favor of Cetus Fund Recovery

Cetus Protocol has announced a major milestone in its post-exploit recovery plan, with Sui validators and stakers overwhelmingly voting in favor of transferring frozen funds to a multi-signature wallet managed by Cetus, OtterSec, and the Sui Foundation. The team has also confirmed that with support from the Sui Foundation – including a critical loan – it is now ready to fully compensate all affected users.

Update – Validators representing 90.9% of stake have said “Yes” in the onchain community vote, and the vote has concluded early.

With this result, the impacted funds will be moved to a multi-sig wallet and held in trust until they can be returned to users according to the plan… https://t.co/qG8aPAhD8e pic.twitter.com/WjiSbLWt8n
— Sui (@SuiNetwork) May 29, 2025

New Roadmap and Protocol Restart

Cetus has outlined a clear recovery timeline for the coming week. This includes a protocol upgrade, CLMM contract improvements, data restoration, and the development of a dedicated compensation contract. Since many assets were swapped during the attack, a rebalancing process will be required before returning liquidity to pool participants. Peripheral modules are also being updated to align with the upgraded core contracts.

Within just 48 hours, the Sui community united to pass a critical on-chain vote — marking a pivotal moment for the entire ecosystem. Cetus extends our deepest gratitude to the >90% of validators and stakers who voted in favor. Regardless of your stance, your participation… https://t.co/UN2DrlDRTw
— Cetus🐳 (@CetusProtocol) May 29, 2025

The final phase of the plan will be the full restart of all core functions. LPs from impacted pools will regain access to recovered assets, while any remaining gaps will be covered through the upcoming compensation mechanism.

CETUS Price Reaction and Community Debate

Following the announcements, the CETUS token rebounded to the $0.16 level – recovering significantly from the lows seen immediately after the exploit, though it still trades below pre-incident levels. Market sentiment appears cautiously optimistic, supported by the transparent communication and firm recovery steps taken by the team.

That said, some community members have raised concerns about the implications of validator intervention and protocol upgrades on the principle of decentralization. While the coordinated effort has enabled rapid action, critics argue it sets a precedent that may blur lines between decentralized governance and centralized decision-making during crises.

Ongoing Communication and Next Steps

As the full restart approaches, the team reaffirmed its commitment to open communication and safe protocol operations. With key approvals secured and preparations advancing, the recovery is entering its final stage – bringing a return to normal functionality clearly within sight.