SUI Network Establishes $10M Security Fund After Cetus Protocol’s $223M Exploit
The sui Network has quickly allocated $10 million to enhance ecosystem security following a $223 million exploit on Cetus Protocol, which revealed systemic weaknesses. This fund will support smart contract audits, bug bounty programs, and upgrades to developer tools—a proactive step to prevent future attacks.
Governance debates have arisen as Sui proposes letting token holders vote on redistributing frozen assets to affected users. Critics argue this approach centralizes power among validators, while the foundation asserts its neutrality. The breach stemmed not from Sui’s core MOVE language but from vulnerabilities in Cetus’ mathematical libraries, highlighting the need for comprehensive security improvements across decentralized applications.
