Validators representing over 90% of the stake on the Sui blockchain have voted in favor of a recovery plan to address the recent Cetus hack. The on-chain community vote concluded early due to the overwhelming support for the proposal. This decision enables the transfer of frozen funds to a multi-signature wallet to be held in trust until they can be returned to users. Sui Validators Vote Approves Fund Recovery The Sui Foundation said that over 90% of validators with voting authority backed the recovery plan, resulting in the vote closing early at just four days. In the voting stage, validators and stakers had a major say in the decisions for protocol governance. Validators voted “yes,” “no,” or “abstain,” and the weights of their votes depended on how much at stake they represented. The Sui Foundation’s interest was not counted to preserve an even playing field. The proposal gives clearance for… Read More at Coingape.com
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