Sui Network Addresses $260 Million Cetus Hack with Security Enhancements
- The Sui network identified a bug in the protocol’s math as the cause of the $260 million Cetus hack.
- There was no vulnerability found in Sui or the Move programming language used for smart contracts.
- Sui committed an additional $10 million to security initiatives, including audits and bug bounty programs.
- The network plans to collaborate with the developer community to enhance security measures.
- The SUI price is currently trading at approximately $3.46, down nearly 2% in the last 24 hours, with a trading volume of $907.62 million.
Sui Network’s post-mortem report on the Cetus hack reveals a protocol math bug as the root cause, prompting a $10 million investment in security enhancements to prevent future incidents.
Source (2.6)https://coingape.com/sui-reveals-cause-of-cetus-hack-commits-10m-to-boost-networks-security/?rand=24432
