- Sui connects $ 10 million to audits, bug -pronang and developer tools after Cetus exploit
- Governance voice and price decline decentralization debate, but recovery signs are emerging in TVL and statistics
In response to the recent backlash of Cetus Hack and Montaining Community, Sui Network [SUI] has unveiled a security initiative of $ 10 million aimed at strengthening its ecosystem. The revision focuses on audits, bug -proninger and improved developer tools – a decisive movement towards proactive security and shared accountability.
Sui’s Mammoth Security Fund
The security fund of $ 10 million from Sui Network was announcedTogether with an official statement about what actually took place.
Source: X
The network has explained that the $ 223 million exploit came from CETUS protocol from a bug in Cetus’s Custom Math Library -no error in the sui blockchain or the Move programming language. The team further acknowledged that the user’s impact reflects on the wider network.
It is important that they have reassured that the allocation of these funds together with the developer community will be formed-one attempted shared responsibility and resilience in the long term for DAPP builders.
Fire
Source: TradingView
Source: Defillama