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đšJUST IN:
TRUMP
MEDIA ANNOUNCES
BITCOIN
TREASURY DEAL WORTH $2.5B
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đšJUST IN: @BINANCE WALLET ANNOUNCES REDDIO (RDO) AS LATEST TGE PROJECT
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đ€ŻTRUMP MEDIAâS $2.5B BITCOIN BET?! The firm might have made the boldest crypto play in U.S. corporate history! What this means for crypto in Americađ https://bsc.news/post/trump-media-2-5-b-bitcoin-treasury-bet
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đš NEW VIDEO: $CORE DAO ANALYSIS Visit BSCN's official YouTube and get the low down on @Coredao_Org and how it's shaping the future of $BTC... ⏠https://youtu.be/aGtJ5yJMRAg?feature=shared
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đšUPDATE: THE SUI COMMUNITY PROPOSAL TO RETURN STOLEN CETUS PROTOCOL ASSETS HAS PASSED WITH NEARLY 53% APPROVAL
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CETUS PLANS FULL COMPENSATION TO AFFECTED USERS AFTER $223M HACK - Cetus Protocol, built on the Sui blockchain, plans to fully reimburse users impacted by its recent exploit. - The company will fund the compensation using its own reserves, token treasury, and a vital loan from the Sui Foundation. - While the final reimbursement depends on this governance decision, Cetus confirmed it will start recovery efforts immediately after the vote results. - The team promises a detailed plan to be published soon. The Cetus Protocol Hack: - The hack which took place on May 22 targeted vulnerabilities in Cetusâ concentrated liquidity market maker contracts. - Multiple pools were drained by faking liquidity deposits and withdrawing real tokens using unchecked math in third-party code. - The incident caused the CETUS token to drop 40% initially and remains down 20% over the past week. - Although the bug originated in Cetusâ code, the Sui Foundation stepped in, offering a critical loan and committing an additional $10 million to strengthen ecosystem security. - This funding will support audits, bug bounties, and formal verification tools. - The foundation also plans to expand its bug bounty program to include high-value protocols like Cetus, aiming to prevent future exploits. Validators Into Action: - Swift action of validators helped contain the breach, but the community remains divided. - Some criticize wallet freezes as contrary to blockchainâs decentralization ideals. Others commend the transparent response and recovery focus. - Cetusâ compensation will proceed regardless of the vote, but unlocking frozen funds is essential for full restitution. - The communityâs decision in the coming days will determine the extent of recovery for those affected. Image: Cetus X platform
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