A comparison of the official and community responses to the theft of $260 million from the SUI ecosystem project Cetus and the transfer of 5 million FIL from the Filecoin ecosystem project STFI! It's crystal clear! FIL's performance is so weak, everyone present has a responsibility!
1. The SUI ecosystem project Cetus was stolen $260 million, and the SUI official acted quickly, taking a series of possible measures and methods (including protocol upgrades to recover assets, etc.), actively protecting investors' funds! The SUI Foundation lent money to Cetus, ensuring full compensation for clients (at the time, some suggested the Filecoin Foundation handle the STFI incident similarly, but... there was no response, unwilling to spend a penny)!
The SUI official takes the ecosystem projects underneath it very seriously. Netizens: I have higher hopes for SUI!
2. The attitude displayed by the Filecoin officials, Filecoin Foundation, and community in handling similar incidents (STFI, where over 5 million FIL was illegally transferred, with a market value of 300 million RMB at the time) is stark in comparison! (They refused to freeze the transferred fund addresses and upgrade protocols to help clients recover assets!!!! Displaying negativity, short-sightedness, and narrow-mindedness) compared to the SUI officials and community, it’s a world of difference!
Many netizens expressed at the time: I dare not stake anymore! Subsequently, Filecoin's computing power continued to decline and has yet to recover!
A large holder at that time stated: After the STFI incident came out, I sold all my FIL immediately! (At that time, the price was above 8U, and a few days later there was a major drop... continuously declining, currently below 3U...)
Do not ignore or underestimate every ecosystem project! Do not think this is just one Filecoin ecosystem project! Do not underestimate the influence of each ecosystem project! In recent years, how many Filecoin ecosystem projects have migrated to other chains?
Filecoin is not that strong; on the contrary, it is very fragile! Because of the handling of the STFI incident, it has dealt a severe blow to Filecoin's already fragile ecosystem, chilling the hearts of many ecosystem projects!
Now that FIL is performing so weakly, everyone present has a responsibility!
(Some may ask, after the STFI incident on April 5, 2024, why did the price rise for a few days? That was because the crypto market was rebounding, and not many knew about it; after a few days, as the incident fermented, the whole network became aware, especially the inaction or indifference of the Filecoin officials and community... Fund sentiment expressed through actions, and the price plummeted... )
