$SUI i Backs Users After $223M Cetus Exploit
A $223 million exploit hit the Cetus decentralized exchange on the Sui network, prompting an unusual rescue effort. The Sui Foundation is extending a loan to fully reimburse affected users, with repayment contingent on an upcoming on-chain community vote.
This intervention aims to cover massive losses and signals the network’s commitment to user protection. The incident and bailout are making waves as a rare case of a blockchain stepping in to backstop a DeFi failure, sparking debate about decentralization versus user safety.
