The validators representing nearly 91% of the SUT participation approved a proposal on the chain to disclose around 162 million dollars seized during Cetus’ feat last week, allowing the DEX to reimburse users and restore the full operations.
Cetus said in an article on social networks that the 48 -hour referendum closed on May 29, when more than two -thirds of the network approved the measure.
Cetus Hack victims to repay fully
The approved transaction asks the validators to transfer frozen tokens to a multi-signature portfolio controlled by Cetus, the security auditor Otersec and the SUP foundation.
The Foundation confirmed the result And said the funds will remain confident until Cetus is performing his reimbursement plan. “The governance of the protocol is only possible thanks to your active participation,” said the foundation in stakers and the node operators, creating them for having concluded the vote quickly.
The decision solves a key uncertainty that followed May 22 attackwhich has drained around $ 223 million in liquidity.
The attackers have filled around $ 61 million in Ethereum before the validators stop the address, leaving $ 162 million blocked on suis.
Cetus told users on May 27 that he could ponted Thanks to his reserves and a short -term loan from the foundation, but he needed the community’s consent to unlock the frozen balance.
Roadmap for restitution and restart
Cetus has described a recovery calendar in eight steps, targeting a complete revival in a week. The validators will first perform the upgrading of the protocol, which transfers the assets locked in the tripartite portfolio.
The engineers have already completed an emergency update of the concentrated liquidity market contract and sent it for audit.
The team will then restore Pool data, calculate the individual liquidity deficits and will convert the chips recovered to its original composition.
Since the attackers executed in -depth swaps during the feat, Cetus plans to use “minimum impact strategies” to avoid slipping more during the pools.
The developers create a remuneration contract which will distribute all the amounts not recovered once the listeners will finish their examination.
Cetus is committed to transparent stage reports during the recovery week and said that the staff is “fully mobilized” to respect the calendar.
The funds will be transferred to the multi-Sigule portfolio once the validators will finalize the upgrade, opening the way to Cetus to reimburse the users and bring back their exchange online.
