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Sui: Supports the Cetus Upgrade Protocol but will give up voting rights, and requires Cetus to fully compensate users.

2025-05-24 12:01

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

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