NAVI Votes YES on Cetus Protocol Recovery Proposal for $162 Million Funds

NAVI has formally cast a YES vote on the Cetus protocol recovery proposal, demonstrating its strong belief in decentralized governance and user security. This vote comes in the wake of a $60 million exploit and the subsequent freezing of $162 million in assets. NAVI's stance underscores the importance of confidence, transparency, and resiliency within the Sui blockchain ecosystem, particularly when user assets are at risk. By supporting a full fund recovery, NAVI reinforces the principles of protection and integrity across the decentralized finance (DeFi) landscape, sending a clear message that theft has no place in decentralization.

In response to the Cetus Protocol incident, NAVI has taken decisive action by endorsing the Cetus Protocol Recovery Proposal for the full restoration of stolen and frozen funds through a transparent on-chain vote. NAVI emphasized that blockchain systems must empower users rather than leave them vulnerable. The vote, which includes both Sui validators and token holders via stake delegation, aims to return the funds to affected users through a community-approved protocol upgrade. NAVI’s YES vote highlights its alignment with decentralized values and its ongoing mission to uphold safety in the Sui ecosystem.

This vote follows Cetus Protocol’s public appeal to the Sui community and validators, asking them to support a trust-based upgrade to recover the $162 million in frozen funds. With NAVI supporting the measure, the proposal gains significant credibility. If passed, recovered assets will be transferred into a multisig trust until they are returned to the rightful owners. NAVI’s involvement in the Sui governance process reflects the increasing maturity of decentralized ecosystems, where validator choices directly impact protocol integrity and user security.

NAVI’s proactive vote serves as a strong example of how validators play a critical role in strengthening Web3 recovery mechanisms. The attack on Cetus not only resulted in substantial financial loss but also tested the strength of decentralized coordination. NAVI’s backing of the proposal makes it clear that decentralization must include frameworks for user protection, especially in the face of malicious actors. Their position affirms the idea that blockchain accountability doesn’t contradict autonomy; it enhances it by protecting collective interests.

The community vote launched by the Sui Foundation is pivotal. While validators like NAVI cast votes, individual token holders also retain power by delegating their stake to validators who reflect their stance. This structure ensures inclusive governance and transparent oversight. NAVI urges SUI stakers to participate by aligning with validators who protect ecosystem trust. Transparency dashboards will display validator choices, reinforcing open decision-making. NAVI believes this is a defining moment where community strength, validator integrity, and technology converge to shape how future DeFi threats are addressed, beginning with the Cetus Protocol Recovery Proposal.

As voting proceeds, NAVI continues to collaborate with the Sui Foundation, Cetus, and law enforcement agencies to ensure a smooth and just recovery process. Should the Cetus Protocol Recovery Proposal pass, funds will move into a secure multisig account before being redistributed. This case sets a new precedent for validator-driven fund recovery and highlights the significance of user-aligned governance in decentralized systems. NAVI leadership in the matter not only reinforces user confidence but also promotes a more resilient and inclusive Sui ecosystem moving forward.