Sui Faces Backlash Over Controversial $162 Million Recovery Plan for Cetus 😡
Sui blockchain's endorsement of Cetus Protocol's $162 million recovery plan has stirred controversy post a $223 million hack. Sui validators froze assets linked to the hacker, leading to debates on decentralization and asset freezing.
Cetus proposed a bounty of $6 million to the hacker but faced backlash from the community. A protocol upgrade plan to unfreeze funds—without altering blockchain history—has also sparked criticism over Sui's decentralization integrity.
The Sui Foundation remains neutral but supports a community vote on the proposal. Concerns emerged around smart contract freezing and transaction censorship threatening blockchain immutability.
Critics like ZachXBT and Yu Xian disapprove of bounty offers, citing their ineffectiveness and unhelpful nature, as well as the uncertain costs and prolonged investigator efforts in tracking hackers.
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