Sui increases investment by tens of millions of dollars in chain protection efforts; Cetus initiates LP compensation and security upgrades after an attack

In response to the Cetus smart contract vulnerability incident, Sui officials announced an additional investment of 10 million dollars for on-chain security enhancement, covering bug bounties, formal verification, and multi-party audits, demonstrating their commitment to protecting the developer ecosystem. Cetus faced a sophisticated attack exploiting the CLMM vulnerability on May 22, resulting in asset theft. The team has since collaborated with Sui to urgently freeze the attacker's address and is advancing the LP compensation plan. Both parties will strengthen on-chain monitoring and regularly release security reports to prevent similar incidents from occurring again. Sui and Cetus are jointly learning lessons to reconstruct a more secure ecological foundation. $SUI $CETUS