<ul><li>Sui validators approve a recovery plan to reclaim $162M frozen in Cetus hack, aiming to return funds to affected users.</li><li>The recovery plan leads to a 7% increase in SUI price, sparking discussions on centralization versus quick response in decentralized networks.</li><li>On May 22, Cetus, a popular decentralized exchange on the Sui blockchain, was hacked, resulting in a $223 million loss.</li><li>A community proposal to return stolen assets from Cetus protocol gets over 52% approval, with funds set to be transferred to a secure multisig wallet for safe return.</li></ul>

Sui Community Approves $162M Recovery Transaction for Cetus Hack Victims

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