Cetus initiates community vote: intends to fully compensate for $223 million of stolen assets On May 28, Sui Ecological DEX Cetus announced that it would initiate a community governance vote to decide whether to use protocol funds and Sui Foundation loans to fully compensate for the $223 million of assets previously stolen due to smart contract vulnerabilities. Event Review Vulnerability Cause: The attacker used the open source code flaw of the CLMM (centralized liquidity market maker) smart contract to launch an attack Market Impact: Some Sui Ecological Tokens plummeted by 90%, and CETUS tokens fell by 50% in a single day Repair Progress: Cetus has patched the vulnerability and promised to initiate compensation regardless of the voting results Compensation Plan If the vote is passed, the compensation funds will come from: Protocol cash reserves Token library assets Key loans provided by Sui Foundation This incident once again highlights the security risks of DeFi, and Cetus's proactive compensation proposal may set a new standard of responsibility for the industry. The market is closely watching the voting results and subsequent implementation. $BTC $XRP $SOL #TrumpMediaTechGroupBitcoinTreasury #StrategyIncreaseBitcoinHoldings #GiantWhaleJamesWynnDynamics