Key Takeaways:
Cetus Protocol, a major trading platform on the Sui blockchain, is recovering after a big hack on May 22, 2025, where over $220 million was stolen.
A large part of the stolen money, about $162 million, was quickly frozen by people running the Sui network.
The Sui community voted (90.9% yes) to move these frozen funds to a safe multi-signature wallet.
This special wallet is managed together by Cetus Protocol, the Sui Foundation, and the security company OtterSec for safety.
Cetus Protocol has a full plan to get back on track, using its own money, a loan from the Sui Foundation, and a promise to pay back all affected users.
The platform hopes to be fully recovered and running again about one week after the community vote.
A Major Hack Hits Cetus Protocol
Cetus ..
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