Sui Network Launches $10 Million Security Fund Following $223 Million Cetus Hack

Sui Network has established a $10 million security enhancement fund in response to the $223 million exploit of Cetus Protocol. The initiative combines financial incentives with systemic upgrades, including expanded smart contract audits, developer tools for pre-launch vulnerability detection, and community governance mechanisms for asset recovery decisions.

The breach stemmed from a flaw in Cetus’ mathematical library rather than Sui’s Core blockchain infrastructure. "While the root cause wasn’t in Sui or Move, user impact demands equal responsibility," stated network representatives, announcing combined $11 million bounty programs for fund recovery and attacker identification.

New security protocols will subject both base-layer code and popular dApps to rigorous scrutiny. The approach marks a departure from centralized crisis management, instead implementing decentralized voting for handling frozen assets—a contentious element drawing mixed reactions from ecosystem participants.