SUI Network Issues Detailed Report on $260M Cetus Exploit: Third-Party Library Flaw Blamed

SUI Network has released a comprehensive post-mortem report on the $260 million Cetus protocol exploit that rocked its ecosystem last week. The analysis reveals the vulnerability originated in a third-party math library used by Cetus, not in SUI’s blockchain architecture or its MOVE programming language.

While Move (a smart contract language used across multiple chains) and SUI’s Layer-1 infrastructure remained uncompromised, the incident highlights systemic risks in decentralized system dependencies. sui Network has pledged to implement stronger security protocols and enhanced ecosystem safeguards.

This breach represents the first major security incident for a dApp on SUI - a milestone the team called ’deeply regrettable.’ Despite SUI’s focus on secure smart contract development, this event serves as a stark reminder of the persistent security challenges in decentralized networks.