Sui Faces Backlash Over Controversial $162 Million Recovery Plan for Cetus

The Sui blockchain is under growing scrutiny after backing a controversial proposal from DeFi platform Cetus Protocol to recover $162 million in frozen assets. This decision follows a May 21 incident in which Cetus lost over $223 million to a hacker. In response, more than a third of Sui validators froze a portion of the stolen assets by refusing to process transactions from two wallets believed to be tied to the attacker. Sui’s Support for Cetus Plan Raises Questions on Decentralization Cetus offered the hacker a $6 million bounty to recover the remaining funds source: https://beincrypto.com/cetus-hack-sui-recovery-plan-backlash/