Sui Approves Return of $162M in Frozen Exploit Funds

TL;DR Sui approved the return of $162 million to those affected by the Cetus exploit, which took place on May 22 and resulted in losses exceeding $220 million. The frozen funds will be transferred to a multisig wallet and distributed under a plan that includes resources from Cetus and an emergency loan from the Sui. . . source: https://crypto-economy.com/sui-approves-return-of-162m-in-frozen-exploit-funds/