The decentralized exchange based on Suitus could be one more step towards the recovery of lost funds in a recent feat, pending the outcome of a planned community governance vote ending on June 3.
Cetus was operated for more than $ 220 million in digital assets on May 22. Shortly after the incident, Cetus managed to freeze 162 million funds.
In a position on May 27 on X, SUP said that Cetus had asked for a community vote to approve the recovery of frozen funds.
“If the community vote is approved, the funds will be recovered from the attacker and detained in a multisig trust account until they could be returned to accounts that held posts in Cetus,” the position said.
Voting is part of a broader recovery plan which includes the use of the Cetus treasure and obtaining an emergency loan from the SU Foundation.
The ability of validators to freeze the funds sparked a debate within the community, some users criticizing the risk of centralization and others praising the rapid response as a positive step for security.
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Supply tokens holders (SUI) can put their delegated tokens to a validator who votes in accordance with their preference.
At the time of writing this document, 52.9% of the validators voted in favor, while 46.7% have not yet voted, the data of Su Bockchain Explorer showed.
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Cetus requests an emergency loan from the SUP Foundation
Cetus also asked for an emergency loan from SUP, as well as the support of the validator and the community for the return of stolen funds.
Cetus is now able to “fully cover the stolen assets” if the locked funds are recovered by the current community vote.
“This includes a critical loan from the SUP Foundation, making 100% recovery for all affected users,” said Cetus in a position on May 27.
Whatever the result of the vote, Cetus said that a recovery process would start immediately. The protocol plans to publish a detailed plan describing the next steps for affected users.
https://www.youtube.com/watch?v=hvoqj4xs88s
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