Sui Official: An Additional Investment of $10 Million to Strengthen Security on the Sui Blockchain
【Sui Official: An Additional Investment of $10 Million to Strengthen Security on the Sui Blockchain】The Sui official stated that the root cause of the Cetus incident was a vulnerability in the Cetus's own mathematical library, rather than a security issue with Sui or Move. However, the impact on users is the same. This week, Sui will introduce some security measures that have already been implemented and announce several new plans to demonstrate its firm commitment to supporting Sui developers in ensuring the security of their applications.
Sui will launch a plan to invest an additional $10 million for security measures. These funds will be used for audits, a bug bounty program, formal verification, and other measures to enhance the security of Sui, with specific details to be discussed and determined in collaboration with the developer community. Our original intention in designing Sui was to support safer smart contract development, so we will learn from this incident, strengthen the critical code on Sui, and help developers enhance security protection together. $BTC