Sui Commits $10 Million to Security Enhancements Following Cetus Hack
Sui Network is allocating $10 million to bolster its ecosystem security after a recent exploit impacted decentralized application Cetus. The funds will target smart contract audits, bug bounty programs, and formal verification tools—shifting from sole platform accountability to shared responsibility across developers.
While the breach stemmed from Cetus’ custom math library rather than Sui’s blockchain or MOVE language, the network acknowledges such incidents affect broader confidence. The initiative emphasizes direct collaboration with builders to determine optimal fund deployment.