Cetus Announces Full Compensation Plan for Stolen Assets, Seeks Community Support

Cetus has released an official statement outlining their comprehensive compensation strategy for recent off-chain stolen assets. The decentralized exchange platform declared: "We will utilize both cash reserves and token holdings to fully cover all affected users' losses, contingent upon community vote approval and successful recovery of locked funds."

The compensation package includes a crucial loan facility from Sui Foundation, ensuring 100% reimbursement for all impacted parties. This bold move demonstrates Cetus's commitment to user protection and ecosystem stability despite the security breach.

Community Vote Crucial for Compensation Process

Cetus emphasized the importance of Sui community backing, stating: "We recognize this extraordinary request stems from our actions, but firmly believe this represents the most equitable solution for affected users." The team stressed their immediate action plan regardless of voting outcomes, with detailed recovery protocols to follow.

Investor Impact Analysis:
1. Restored Confidence: Full compensation plan may rebuild trust in platform's risk management
2. Token Value Implications: Use of reserves could affect short-term token economics
3. Governance Precedent: Community vote sets important DAO decision-making standard
4. Ecosystem Strength: Foundation support demonstrates Sui network's collaborative security approach