The Sui Foundation provides a guaranteed loan to Cetus to cover losses from the theft incident.

Gate News bot news, the Sui Foundation stated that it is providing a secured loan to Cetus as part of its plan to quickly fully compensate users for losses. The Cetus team will use the proceeds from this loan and the assets in its treasury to cover the losses caused by the stolen funds (which have been bridged out of the Sui network). This loan will enable Cetus to compensate for losses beyond its own capacity.

The above funds are only used to compensate for losses of bridge assets, separate from the frozen funds decided by on-chain community voting.

These measures are aimed at protecting the Sui community. Combined with on-chain community voting proposals, full restoration of losses is achievable. The Sui Foundation will steadfastly support its members.