Validators representing over 90% of the stake on the Sui blockchain have voted in favor of a recovery plan to address the recent Cetus hack. The on-chain community vote concluded early due to the overwhelming support for the proposal. This decision enables the transfer of frozen funds to a multi-signature wallet to be held in trust until they can be returned to users. Sui Validators Vote Approves Fund Recovery The Sui Foundation said that over 90% of validators with voting authority backed the recovery plan, resulting in the vote closing early at just four days. In the voting stage, validators and stakers had a major say in the decisions for protocol governance. Validators voted “yes,” “no,” or “abstain,” and the weights of their votes depended on how much at stake they represented. The Sui Foundation’s interest was not counted to preserve an even playing field. The proposal gives clearance for… Read More at Coingape.com

The post Sui Validators Vote 90% In Favor of Recovery Plan After Cetus Hack appeared first on CoinGape.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed