What do the victims of the Cetus hack think? The Sui team demands a commitment to "full repayment," including two key conditions.

The DEX Cetus Protocol on the Sui chain was hacked, and the Sui team froze some assets and demanded that Cetus make a commitment to fully repay the assets, triggering community discussions on asset repayment and decentralization. (Synopsis: Cetus was hacked with a "$5 million reward", chain detective ZachXBT: The bounty is too small, which master wants to do it?) (Background supplement: After Cetus was hacked by $220 million: $6 million bounty negotiated with hackers, Sui ecological meme coin seriously injured) The DEX Cetus Protocol on the Sui chain was hacked two days ago, and although the Sui team urgently froze most of the stolen assets, how to safely and transparently repay them to users has become a decentralized controversy. On May 22, the Cetus Protocol was hacked, with losses estimated at $220 million to $260 million. The attack stemmed from a mathematical flaw in the smart contract that allowed hackers to manipulate liquidity ratios using counterfeit tokens. After the incident, Cetus worked quickly with Sui developers and validators to successfully freeze about $160 million in stolen assets on the Sui chain. In order to return frozen funds, Cetus Protocol proposes a community voting plan that aims to safely repay assets through protocol upgrades, avoiding on-chain record rollbacks or transaction reversals. Sui officially expressed conditional support for this proposal, and its position announcement is as follows: Each validator has a profile that allows it to ignore transactions from a specific address. The inclusion of addresses in this profile is entirely at the discretion of each verifier and can be revoked at any time. More than a third of the staking weight validators chose to ignore transactions from two addresses suspected of being related to the attack, effectively freezing that fund. The ability of validators to ignore transactions at a particular address is not unique to Sui — any validator on a blockchain can choose to do so, either out of their own risk tolerance or to comply with the law. Cetus initiates a community poll to propose protocol upgrades that return frozen funds, but do not roll back on-chain history or reverse transactions that have occurred. Sui officials will remain neutral on the voting results and give up their official voting rights. Cetus must publicly commit to using all financial resources to recover assets until all users are fully paid. The Sui team sees this as a concluding measure in exceptional circumstances to protect the assets of Cetus users. The current Sui co-founders have confirmed that they will assist in repaying $160 million in frozen funds to the Cetus Protocol to restore liquidity and stabilize SUI's DeFi market. On Wednesday, the Sui validator community acted quickly to freeze $162M of the stolen funds. Here’s how that happened: – Each validator has a configuration file that allows it to ignore transactions from a specific address. – Adding addresses to this file is at the discretion... — Sui (@SuiNetwork) May 23, 2025 There are still people clamoring for "decentralization" Rapidly pushing Cetus to hold a vote shows that Sui officials are rushing to deal with the crisis, However, the validator blacklist has once again triggered some communities to discuss the "decentralization principle" of the blockchain. In the wake of the rapid freezing of assets by Sui validators, as well as the possible introduction of a "whitelist" mechanism for specific transactions in the future, some decentralized fundamentalists criticize this as the intervention of centralized power. However, some community voices believe that in order to recover assets is a pragmatic approach, the hacked incident has caused short-term pressure on the price of Cetus Token and SUI tokens, and affected the market confidence of the Sui DeFi ecosystem. Related reports After Cetus was hacked $220 million: $6 million bounty negotiated with hackers, Sui ecological meme coin seriously injured Sui launched bitcoin anchor token YBTC: Integrate BitVM Bridge, a cross-chain bridge launched by Bitlayer 〈What do Cetus victims think? Sui's team demanded a commitment to "full repayment" with two key conditions, and this article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".