Sui vote on $162M Cetus funds ignites decentralization debate in DeFi

A $200 million-plus exploit targeting Cetus, a decentralized exchange on the Sui network, has reignited debate over decentralization in blockchain protocols after Sui validators collectively froze $162 million of the stolen funds.

Some decentralization advocates called foul, criticizing Sui validators’ ability to pause fund transfers on the blockchain as a sign of centralization. Other investors applauded the rapid response and coordination against the attackers.

Industry watchers are now waiting for Cetus to initiate its recovery roadmap after the…