Freezing of stolen funds amounting to $162 million after a major breach

In a decisive move against cybercrime, auditors at Sui Blockchain successfully froze stolen assets worth $162 million after a massive exploitation that resulted in total withdrawals of $220 million.

🔍 What happened?

A coordinated attack targeted a vulnerability within the network, prompting auditors and security teams at Sui to take swift action. Their rapid response prevented further losses and secured a significant portion of the compromised funds.

⚡ Impact on the market

🔹 The incident briefly caused volatility in the SUI token, but market confidence is recovering.

🔹 Investors praise Sui's security response, enhancing its credibility in the blockchain space.

🔹 Discussions around on-chain governance and real-time threat mitigation are gaining momentum among developers.

🌍 What’s next for SUI?

The blockchain community is now monitoring Sui's next steps, including potential recovery mechanisms, improving security protocols, and efforts for further decentralization

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