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Home»BITCOIN NEWS»SUI’s $ 220 million password hacking fuel centralized back rash
BITCOIN NEWS

SUI’s $ 220 million password hacking fuel centralized back rash

By Crypto FlexsMay 24, 20254 Mins Read
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SUI’s $ 220 million password hacking fuel centralized back rash
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The announcement of CETUS Protocol’s X began the largest governance debate in SUI’s short history in the liquidity encryption pool. The team wrote, “We have taken immediate measures to lock the contract to prevent further stolen funds.” He was convinced that the $ 16.2 million compromised funds were successfully suspended. We are currently working on the next -generation solution with the SUI Foundation and other ecosystems.

The encryption community after the Sui Exploite

The next step solution triggered philosophical firefighting. In order to maintain the stolen assets into reddish brown, the ultra -high high -timing of the validity test agreed to ignore the transactions out of the three hacker control addresses. Cyber ​​Capital founder Justin Bons shows a structural centralization of blacklisting. What is it? ” He declared as follows, quoting only 114 valid and founders -promising steaks.

Amogh GUPTA of Sui Foundation countered the action as a legitimate event for distributed governance. “A person who is valid does not mean that they collide because they reach an agreement on something. (…) The effective test of other chains did something similar when the Holy Grail for another chain, Ether Lee’s Holy Grail did a similar thing in 2023.

Once he refused a parable. “You got the wrong information about the 2023 OFAC regulations. The single ETH TX was not censored, and it was impossible for the SUI to be too concentrated because it was too concentrated because it was impossible.” He suffered from token economics: “SUI claims that it has a 10B supply with 52 percent of ‘un allocated’ by 2030. The problem is that more than 8B of SUIs are increasing.

GUPTA replied that Validator Count was red herring. “NC (Nakamoto CoefficIent) is literally important metrics, and the number of validation tests is the most misleading and game that can be the most misleading and game when measuring decentralization. It can have 1,000 long -range verifications, but it is useless if there is more than 33 % of its shares.” BONS fired as follows: “Will you actually defend the fact that the founder of the steak is too low?

This dispute poured beyond the two encryption protagonists. Fabda.eth (@fabdarice) once again proved that “once again,” once again proved that only block chains are suitable for securing the world economy, and encryption lawyer Gabriel Shapiro reversed this feeling. It’s just, and because Ether Lee is actually strong in censorship, the SUI hacker is a Sui Hacker moving from SUI to ETH. ” Influent Crypto SSSEBI has gained a reputation in an ordinary language. Ignoring the deal and blocking the deal is what the central database can do. ”

The voice inside the SUI ecosystem claims that the mechanism is “emergency brake”, not the approval of hierarchical control. The founder of Suimoveafrica, the founder of Suimoveafrica Community Educator Nefarii.Sui, explained: “SUI Validators can gather together in a rare and large -scale misuse of today’s CETUS protocol events to reach an agreement to refuse cryptocurrency from certain malicious wallets. It is not automated and centralized.

This figure is now preferred to freeze. CETUS said, “The $ 12 million of the compromised funds has been successfully suspended. It is a governance dilemma that the SUI must solve the effects of whether the effective inspector involvement will evolve into a standing protocol function or one -time response.

SUI was traded at $ 3.61 for the prestime time.

At the price
SUI price, 1 day chart | Source: SUIUSDT of TradingView.com

DALL.E, major images made with charts on TradingView.com

Editorial process Bitcoinist focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.

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