Sui vote on $162M frozen Cetus funds sparks decentralization debate: Finance Redefined

DeFi’s decentralization debate rages on after the Sui community voted to return the $162 million frozen during the Cetus exploit.

A $200 million-plus exploit targeting Cetus, a decentralized exchange on the Sui network, has reignited debate over decentralization in blockchain protocols after Sui validators collectively froze $162 million of the stolen funds.

Some decentralization advocates called foul, criticizing Sui validators’ ability to pause fund transfers on the blockchain as a sign of centralization. Other investors applauded the rapid response and coordination against the attackers.

Industry watchers are now waiting for Cetus to initiate its recovery roadmap after the Sui governance vote for returning the frozen $162 million was passed on May 29.

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