BlockBeats News, May 24th: Earlier today, the Sui team posted on social media that earlier today, Cetus initiated a community governance proposal to return frozen funds through a protocol upgrade (without the need to roll back on-chain records or reverse transactions). This is a special request in a special situation—related to the asset security of Cetus users. After careful consideration, the Sui team has decided to support their on-chain governance proposal, with two additional conditions:
· The Sui team will remain neutral on the voting results and forfeit their voting rights. The responsibility of Sui is to design and execute a decision-making process that reflects the collective will of the Sui community (specific details and code will be released soon)
· Cetus must publicly commit to utilizing all financial resources to recover the assets until all users receive full compensation