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Sui Foundation Bails Out Cetus After $223M Exploit—Because Nothing Says ’Decentralization’ Like a Good Old-Fashioned Bailout
Sui Foundation Bails Out Cetus After $223M Exploit—Because Nothing Says ’Decentralization’ Like a Good Old-Fashioned Bailout
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Sui’s blockchain foundation steps in with emergency liquidity after Cetus gets drained in a nine-figure hack. Because in crypto, even the ’trustless’ systems need a financial safety net—just ask your local central banker.
The move highlights the ironic dance between decentralized ideals and the cold hard reality of user restitution. Who needs FDIC insurance when you’ve got a foundation willing to play lender of last resort?
Compensation begins flowing to affected users—proving once again that in Web3, the community always pays... one way or another.
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