Cetus Seeks Community Vote to Recover $162 Million After Sui Hack
The post Cetus Seeks Community Vote to Recover $162 Million After Sui Hack appeared first on Coinpedia Fintech News
Following a $223 million hack that affected the Sui ecosystem, decentralized exchange Cetus has proposed a recovery plan to recover $162 million frozen in the hacker’s wallets. This plan depends on a community vote, needing over 50% participation and majority support to approve a protocol upgrade that would override the attacker’s control. If successful, the funds will be moved to a multisig wallet managed by Cetus, the auditing firm OtterSec, and the Sui Foundation. SUI holders can delegate their votes to validators to help decide the outcome.
Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch
The post Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch appeared firs...
Solana Targets $200 as TRON Prepares to Flip December’s ATH; Could Unilabs’ AI Launchpad Reshape DeFi?
The post Solana Targets $200 as TRON Prepares to Flip December’s ATH; Could Unilabs’ AI Launchpad Re...
Solana (SOL) Price Heading to the Crucial Range—Will it Drop to $150 or Rebound to $180?
The post Solana (SOL) Price Heading to the Crucial Range—Will it Drop to $150 or Rebound to $180? ap...