Sui Validators Approve 90.9% Fund Recovery Plan as Cetus Revenue Hits All-Time High

Sui validators have overwhelmingly approved a fund recovery plan, with 90.9% voting in favor of the proposal. This decision comes as Cetus revenue hits an all-time high, marking a significant milestone for the platform. The recovery plan aims to return affected funds to a safe multi-sig wallet, where they will be held in trust and repaid to users according to a road-mapped recovery guided by Cetus, a prominent member of the Sui ecosystem.

The approval of the recovery plan demonstrates the community's commitment to restoring user funds and maintaining trust in the Sui ecosystem. The high level of support from validators indicates a strong consensus within the community to address the exploit and mitigate its impact. This decision is expected to bolster confidence in the Sui platform and its ability to handle security incidents effectively.

The plan to recover funds is not just about fund protection — it is also a step towards restoring balance to the ecosystem. By placing the assets on a multi-sig wallet, the network is expressing its interest in decentralization and transparency. Cetus is taking the lead in coordinating the process, aiming for an orderly return of the affected parties' funds. This decision, backed by the validator community cooperation, reflects growing cohesion among Sui stakeholders.

Following the hack, Sui’s network revenue had shrunk to an all-time low. The drop was tied directly to declining user activity and cautious sentiment. However, in the last 24 hours, the situation has turned sharply in favor of Sui. During the roll-out of the recovery plan, turnaround signals have started to emerge. Cetus revenue has skyrocketed to all-time highs — a clear sign of returning network activity and market confidence. The surge indicates users are going back into the ecosystem, perhaps interpreting the governance and security measures of the protocol as a robust indicator of long-term existence.

The parallel validator vote and Cetus revenue seems to be a potential turning point for Sui. Governance, security and coordination of the community are all coordinated in this recovery phase. While there are still issues to be addressed, the network appears to be moving in a direction towards stability. With funds in the bank and users slowly returning, Sui is showing resiliency in action.