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SUI Network Commits $10M to Security Enhancements After $223M Cetus Protocol Exploit
SUI Network Commits $10M to Security Enhancements After $223M Cetus Protocol Exploit
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui Network has pledged $10 million to strengthen ecosystem security following a $223 million exploit targeting Cetus Protocol. The breach stemmed from a vulnerability in Cetus’s custom math library, not the sui blockchain itself. The funds will focus on smart contract audits, bug bounty programs, and improvements to developer tools.
Governance discussions have intensified regarding decentralization protocols in response to the incident. Despite initial price fluctuations, Sui’s total value locked (TVL) is showing signs of recovery, indicating cautious market Optimism about the network’s corrective actions.
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