🛡 Sui invests $10 million in security after the Cetus hack
💧 After the hack of the DEX Cetus, during which $223 million was stolen, the Sui ecosystem announced a large-scale security reform. The platform is allocating $10 million for this purpose — for audits, bug bounties, formal verification, and development tools.
✔️ The key focus is on shifting responsibility from individual protocols to the resilience of the entire network. This is not so much a PR move as it is a reframing of trust: the Cetus library was affected, but the consequences hit the entire Sui.
📉 Market reaction:
— 🔻 SUI fell by ~10%
— 🔻 TVL dropped from $2.1 billion to $1.5 billion
📌 Conclusion:
Even if the vulnerability was not in the blockchain itself, the market punishes everyone. The loss of trust is instantaneous. Sui is taking the right step by turning the incident into a reason to strengthen security standards. But the lesson is clear: in DeFi, capital flees faster than explanations.
