Cetus plans to use Sui lending funds to fully compensate victims 100%, with the support of the Sui ecosystem protocol.

Sui DEX Cetus was hacked on May 22, resulting in losses exceeding $260 million. After successfully freezing $162 million, the Cetus team issued an apology on May 28, explaining the current recovery progress and compensation plan, and also urging the community to vote actively. If the vote passes, they will use loans provided by the Sui Foundation to fully compensate the victims. It is worth noting that even if the final vote does not go as expected, Cetus has also committed to initiating the compensation plan to rebuild community trust. Upon hearing the news, the ecological protocols on Sui also expressed their support.

Cetus calls on the community to participate in voting, utilizing the Sui lending fund to fully compensate the victims.

Cetus announced on 5/28 that it is ready to use its cash on hand and existing token inventory to fully compensate victims at 100%. However, Cetus added that community voting support and approval are prerequisites for full compensation.

One key source of compensation funds comes from the lending support of the Sui Foundation. In other words, as long as the community vote passes, Cetus will use this fund to provide 100% compensation to all victims.

The Cetus team sincerely urges all Sui community members to participate in the voting. Cetus also emphasizes that even if the final community voting results are not as expected, a compensation plan will still be initiated, and more specific compensation methods will be announced to rebuild community trust.

The image shows the compensation claim screen for Cetus's latest tweet (X). The Sui ecological protocol has been actively supporting with tweets, and the votes in favor have currently exceeded half.

After the voting news was released, the Sui protocols have been tweeting (X) in support. Currently, the protocols that have expressed their approval are:

Haedal: Liquidity Staking Protocol

Aftermath Finance: Decentralized Exchange (DEX)

Suilend: On-chain lending protocol

Bucket: Stablecoin protocol

Image Sui ecological protocol Haedal and Aftermath help Cetus applaud the scene

The chart below shows the voting status before the deadline, and it can be seen that the percentage of votes in favor has reached 52.5%, exceeding half.

This article states that Cetus intends to use Sui lending funds to fully compensate victims 100%, with the Sui ecosystem protocol joining forces to support it. It first appeared in Chain News ABMedia.