Cetus Seeks Green Light to Recover $162M in Frozen Crypto - adtechsolutions

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Cetus Seeks Green Light to Recover $162M in Frozen Crypto


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Said has shared a recovery plan for Returning $ 162 million in frozen property who have taken the UA May 22.

Decentralized exchange (DEX) wants to move these funds from the striker’s wallet, asking that the community support approves the protocol update.

According to Post Sui Foundation on x,, The plan was set to vote starting from 1pm on May 27 and will remain open until seven days. Those who hold sui tokens can delegate their voices to the validators to choose “yes”, “no” or “abstinene”.

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The Foundation, to remain neutral, will not vote with its own tokens. For a proposal to pass, Must participate in more than half of all tokens put, and most of the votes have to be in favor.

If approved, the update would allow two wallet addresses associated with the attacker, to perform each transaction each. They would move frozen funds to a multi -name wallet operated by Cetus, Sui Foundation and Blockchain Security Company Otterec. This setting adds control before the funds are returned to the users.

Of May 28, 37.3% voted for the benefit without votes against. The rest had not yet been weighed. The vote could end early if the outcome becomes safe after 48 hours.

May 15, Coinbase faced an attempt to extortion of $ 20 million after the attackers brought in foreign auxiliary staff. How did the exchange answered? Read the whole story.

After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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