MalikAbdullahAwan
--
Bullish
🚨 $SUI x @CetusProtocol Hack Explained — What You Really Need to Know 🚨
After deep analysis and official responses from both $SUI and @CetusProtocol, here's what actually happened:
🔍 Key Finding:
The exploit was not caused by a flaw in the Sui blockchain itself — the root cause was a bug in a math library used by Cetus.
But here's where it gets interesting (and shows how serious they are about user protection):
✅ Swift Response by Sui & Cetus Teams:
• Sui validators froze attacker wallets within hours
• $160M+ in stolen funds were locked before they could be withdrawn
• Cetus released a full post-mortem and public recovery roadmap
• A validator vote is live to return LP assets
• @SuiNetwork Foundation committed $10M more toward ecosystem security
🎯 Upcoming Security Measures:
• More rigorous audits
• Larger bug bounties
• Formal verification practices
• Infra upgrades for enhanced protection
This shows the kind of maturity, transparency, and action the Web3 world needs. 🛡️
Security in crypto isn’t a one-time effort — it’s a continuous culture, and Sui Network is proving it means business.
📢 If you're not in this ecosystem yet, now's the time to get involved.
👉 Register now on Binance and start earning while staying updated with real, reliable, and resilient projects like $SUI.
Let’s grow together in this secure, transparent crypto space.
#Binance #CryptoNews #BinanceSquare #sui
After deep analysis and official responses from both $SUI and @CetusProtocol, here's what actually happened:
🔍 Key Finding:
The exploit was not caused by a flaw in the Sui blockchain itself — the root cause was a bug in a math library used by Cetus.
But here's where it gets interesting (and shows how serious they are about user protection):
✅ Swift Response by Sui & Cetus Teams:
• Sui validators froze attacker wallets within hours
• $160M+ in stolen funds were locked before they could be withdrawn
• Cetus released a full post-mortem and public recovery roadmap
• A validator vote is live to return LP assets
• @SuiNetwork Foundation committed $10M more toward ecosystem security
🎯 Upcoming Security Measures:
• More rigorous audits
• Larger bug bounties
• Formal verification practices
• Infra upgrades for enhanced protection
This shows the kind of maturity, transparency, and action the Web3 world needs. 🛡️
Security in crypto isn’t a one-time effort — it’s a continuous culture, and Sui Network is proving it means business.
📢 If you're not in this ecosystem yet, now's the time to get involved.
👉 Register now on Binance and start earning while staying updated with real, reliable, and resilient projects like $SUI.
Let’s grow together in this secure, transparent crypto space.
#Binance #CryptoNews #BinanceSquare #sui
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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