In a major development around Cetus hack the 54% of the community has voted yes to the recovery plan combining frozen assets and a $60 Million SUI loan. There is still 1 day left for final confirmation but as per experts current votes are sufficient to pass the early stage. The Cetus price has jumped by 30% today and is trading at $0.17 at the time of reporting. Community Votes Yes to SUI Loan Proposal As reported by coingape, on 23rd May 2025 , Cetus protocol, the largest SUI liquidation provider suffered a massive $260 million hack. The community came around in support including former Binance CEO CZ in an incident that led to significant loss to users. Yesterday, the SUI foundation announced a secured loan to bridge the $60M required to reimburse the funds lost by users in the hack. This recovery plan is aimed to help the users… Read More at Coingape.com
The post Just-In: Cetus Hack Victims on SUI Set for $162M Reimbursement; Cetus Price Jumps 32% appeared first on CoinGape.
