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Sui Reveals Cause Of Cetus Hack, Commits $10M To Boost Network’s Security – Crypto News
The Sui network has released a post-mortem report of what caused the $260 million Cetus hack, which shook its ecosystem last week. As part of the report, the network also announced plans to boost security, a move which is bullish for the SUI price. Sui Provides Report On The Cetus Hack In an X post, the network revealed that the root cause of the Cetus incident was a bug in the protocol’s math, rather than a vulnerability in Sui or the Move programming language, which the network adopts for smart contracts. Sui remarked that the impact on users is the same and noted the need to take a holistic perspective to support the ecosystem’s security. As CoinGape reported, the network’s largest decentralized exchange (DEX) and liquidity provider, Cetus Protocol, suffered a $223 million crypto hack last week. The network was able to freeze $162 million while Cetus put out a… Read More at Coingape.com
The post Sui Reveals Cause Of Cetus Hack, Commits $10M To Boost Network’s Security appeared first on CoinGape.
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