Little Fatty was just munching on duck necks while scrolling Twitter when suddenly shocked by the astonishing operation of the Sui mainnet, causing the duck neck to fall! This can be called the annual grand drama of DeFi's "cat-and-mouse", from vulnerability explosion to full compensation, the plot twist is even more thrilling than (Game of Thrones) ending! Quickly follow Little Fatty to highlight the key points 👇
🔥 2.2 billion asset defense battle full record 🔥
🕒 May 22nd, late night 23:00
Cetus DEX suddenly exposes a "money ability" vulnerability, hackers leverage 1 token to pry open 223 million assets, 60 million has crossed into Ethereum. This operation directly caused sleepless nights in the DeFi circle, with the hashtag #DeFiSecurity trending on Twitter 💥
👑 May 24th, explosive combination punch
Sui officially throws out the "toughest" solution ever:
✅ Protocol upgrade unfreeze: No need to roll back transactions! 162 million frozen assets fly back to the liquidity pool, user accounts are instantly "revived" 🎮
✅ Neutral compensation double insurance: Sui voluntarily waives voting rights, Cetus signs a "life and death" commitment for full compensation, this operation directly locks user assets in a safe 🔒
🤯 Hackers encounter "on-chain house arrest"
Sui validators collectively initiate a "full chain blockade", hackers' 162 million assets are frozen! Although it still shows on-chain as theirs, all transactions are ignored, and the stolen funds turn into scrap metal 🗑️ Even more extreme is Cetus's "white hat agreement": return assets within 48 hours with a reward of 6 million ETH, or face global arrest! This "carrot and stick" approach puts hackers in a dilemma 🤯
💡 Textbook operations for DeFi security
This incident exposes deep vulnerabilities in DeFi: The overflow check in Cetus's get_delta_a function has failed. However, Sui's response is legendary:
🔧 Technical innovation: Move language + validator collaboration, achieving "freeze without rollback", protecting both the immutability of the chain and user wallets!
🤝 Governance breakthrough: Abandoning official voting rights + mandatory compensation, deep binding of community will + project responsibility, this governance innovation has made Ethereum developers exclaim "I've learned a lot" 📚
🌐 Ecosystem Coordination: Foundation, validators, and security agencies work seamlessly together, showcasing the self-repairing ability of the public chain ecosystem!
🚀 Historic moment
Currently, the Sui chain voting system is in deployment countdown, the compensation reserve account of Cetus has been made public. This is the first time in DeFi to achieve "zero loss of user assets", directly rewriting industry safety standards! As Sui developers said: "We cannot prevent hacker attacks, but we can ensure users do not pay for vulnerabilities." 💪
Little Fatty's Sharp Commentary:
This incident is not only the ultimate test of Sui technology but also a turning point for DeFi from "barbaric growth" to "safe maturity". While hackers are going crazy trying to cash out stolen funds on the dark web, millions of users on the Sui chain are witnessing history—this is the way Web3 should be! 🎉#sui #Cetus #加密货币 #区块链 $SUI