The approved transaction instructs validators to transfer the frozen tokens to a multi-signature wallet controlled by Cetus, security auditor OtterSec, and the Sui Foundation.
Cetus outlined an eight-step recovery schedule, targeting a complete relaunch within one week. Validators will first execute the protocol upgrade, which transfers the locked assets into the tri-party wallet.
Engineers have already completed an emergency update to the concentrated-liquidity market-maker contract and sent it for audit.
The team will then restore pool data, calculate individual liquidity deficits, and convert the retrieved tokens back to their original composition.
Because attackers executed extensive swaps during the exploit, Cetus plans to use “minimal-impact strategies” to avoid further slippage while rebalancing pools.
Developers are creating a compensation contract that will distribute any unrecovered amounts once the auditors complete their review.
Cetus is committed to transparent progress reports during the recovery week and stated that staff are “fully mobilized” to meet the timeline.
Funds will be transferred to the multi-sig wallet once the validators finalize the upgrade, clearing the way for Cetus to reimburse users and bring its exchange back online.
