🚨 Sui Validators Freeze $162M in Stolen Funds After $223M Cetus DEX Hack
On May 22, decentralized exchange Cetus, built on the Sui blockchain, suffered a significant security breach resulting in the theft of approximately $223 million. In response, Sui validators have successfully frozen $162 million of the stolen assets.
Key Details:
· The attack exploited a vulnerability in Cetus's smart contract code.
· Validators are currently ignoring transactions from the identified malicious addresses to prevent further unauthorized movements.
· Approximately $63 million of the stolen funds were bridged to the Ethereum network, with 20,000 ETH (~$53 million) transferred to a specific wallet address ending in "AF16."
While the swift action by Sui validators has been effective in mitigating further losses, it has also sparked discussions regarding the network's decentralization and censorship resistance. Some community members express concern over the ability of validators to unilaterally freeze assets.
POLL: What are your thoughts on validators freezing assets in response to hacks?
· ✅ Necessary for security
· ❌ Compromises decentralization
· 🤔 Depends on the situation
💬 Your Thoughts: Share your views and tag @FaisalCrypto007 !
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