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Odaily Planet Daily News: Cetus officially announced on X that the Sui community recently approved an on-chain proposal to release approximately $162 million seized during last week's Cetus vulnerability, enabling the DEX to repay users and resume full operations. The affected funds will be transferred to a multi-signature wallet and held in escrow until they are returned to users according to a plan led by Cetus. In response, Cetus announced plans to complete a full recovery and restart within approximately one week, including data recovery, restarting the upgraded CLMM contract, and fully restoring all suspended product functions (including LP functions), among others.

On May 31, it was announced that Lunar Digital Assets has launched the LitVM, a zero-knowledge Layer-2 network for the Litecoin ecosystem, introducing smart contracts to Litecoin, which was born in 2011. This network is built on BitcoinOS and Polygon CDK, with support from the Litecoin Foundation. LitVM is an EVM-compatible zero-knowledge rollup (ZK Rollup) designed to introduce smart contract functionality, cross-chain liquidity, and real-world asset (RWA) support. Lunar Digital Assets stated that LitVM will help Litecoin expand into the DeFi and Web3 ecosystems, providing on-chain use cases such as stablecoin payments and programmable assets (Runes, Lordinals).