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Sui Network’s $162M Recovery Plan for Cetus Sparks Decentralization Debate
Sui Network’s $162M Recovery Plan for Cetus Sparks Decentralization Debate
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Sui Network faces mounting criticism over its involvement in Cetus’ controversial $162 million recovery plan following a $223 million hack in May. The blockchain’s validators froze a portion of stolen assets by blacklisting attacker wallets, raising fundamental questions about network decentralization.
Cetus’ $6 million bounty offer to the hacker has drawn ire from community members who deem the amount insufficient. The protocol’s proposed upgrade to recover frozen funds without altering blockchain history further complicates the situation, creating tension between pragmatic recovery efforts and ideological purity.
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