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Sui Network Bails Out Cetus Users After $223M Exploit—Full Reimbursement Announced
Sui Network Bails Out Cetus Users After $223M Exploit—Full Reimbursement Announced
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Sui Network makes a bold move to restore confidence in its ecosystem by covering all losses from Cetus’ $223 million security breach. The decision sets a precedent in decentralized finance—where ’code is law’ usually means ’buyer beware.’
DeFi protocols rarely foot the bill for exploits, but Sui’s intervention signals a shift toward accountability. Whether this is genuine user protection or damage control after a nine-figure heist depends on how cynical you are about crypto’s ’self-custody’ promises.
Bonus jab: Traditional finance would’ve sent a form letter and taken 6-8 weeks to reject your claim.
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