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Home»ALTCOIN NEWS»SUI Network reveals a $ 10M security plan after cetus hack -details -Details
ALTCOIN NEWS

SUI Network reveals a $ 10M security plan after cetus hack -details -Details

By Crypto FlexsMay 28, 20251 Min Read
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SUI Network reveals a $ 10M security plan after cetus hack -details -Details
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  • SUI calls for $ 10 million in thanks, bug bounty and developer tools after Cetus EveLoit.
  • Governance voting and prices are a decline in Sparks, but there are signs of recovery on TVL and metrics.

Recently, in response to Cetus Hack and Mounting Community Backlash, the SUI Network (SUI) has released a $ 10 million security initiative aimed at strengthening the ecosystem. This inspection focuses on auditing, bug bounty and improved developer tools.

SUI’s mammoth security fund

A $ 10 million security fund of SUI Network was announced and was announced with the official explanation of what happened.

Sui

Source: X

The network explained that $ 222 million in the CETUS protocol is not a defect in the SUI blockchain or mobile programming language, but from the bugs of CETUS’s Custom Math library. The team also admitted that the user influence is reflected in a wider network.

Importantly, they were convinced that these allocation would cooperate with the developer community to cooperate with the DAPP Builder’s joint responsibility and long -term elasticity.

Governance from fire

SuiSui

Source: TradingView

SuiSui

Source: Defillama

Next: Are you ready to escape Solana? If the buyer is watching a new ATH …

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