The Sui blockchain community has overwhelmingly approved a pivotal fund recovery proposal. With 90.9% of stakeholders voting in favor, the initiative was fast-tracked to implementation, marking a significant step in the protocol’s efforts to restore user confidence following a damaging exploit.
Update – Validators representing 90.9% of stake have said “Yes” in the onchain community vote, and the vote has concluded early.
— Sui (@SuiNetwork) May 29, 2025
With this result, the impacted funds will be moved to a multi-sig wallet and held in trust until they can be returned to users according to the plan… https://t.co/qG8aPAhD8e pic.twitter.com/WjiSbLWt8n
Fund Recovery Gains Momentum Under Cetus Leadership
The approved plan will see the compromised assets moved to a secure multi-signature wallet, where they will be held in trust and repaid to users over time. Cetus, a prominent DeFi protocol within the Sui ecosystem, will coordinate the roadmap for disbursement. This development not only reflects strong validator cooperation but also highlights Sui’s commitment to transparency and decentralization. By entrusting fund management to a trusted ecosystem player and involving the community in the vote, Sui is attempting to reset its narrative around security and governance.
Also Read: SUI Network Rocked by $260M Hack — Cetus Seeks Truce with $6M Bounty
Network Revenue Soars Amid Recovery Efforts
Sui’s network revenue, which had hit an all-time low following the exploit, is now showing strong signs of recovery. According to data from DeFiLlama, revenue generated by Cetus has surged to record levels in the last 24 hours.
This uptick signals renewed user activity and a vote of confidence in the network’s recovery measures. The sharp rebound suggests that users are not only returning but are also engaging actively with the ecosystem, perhaps reassured by the swift and community-led response to the crisis.
Is This a Turning Point for Sui?
The successful validator vote, coupled with the spike in network revenue, may mark a critical turning point for the Sui blockchain. While challenges remain, the coordinated actions between validators, Cetus, and the broader community suggest a maturing network capable of responding to adversity. With user trust beginning to rebuild and the recovery process underway, Sui is demonstrating the kind of resilience that may solidify its position in the DeFi space moving forward.
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I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
