Sui (SUI) Plans to Invest $10 Million to Enhance Security… "Cetus Hacking Not Due to Network Flaw"
Summary
- Sui has decided to invest an additional $10 million in security enhancement following the Cetus hacking incident.
- They clarified that the hacking was due to a bug in Cetus's math library, not a vulnerability in the Sui network.
- Sui plans to announce measures to strengthen the security infrastructure to restore trust in the ecosystem.
Sui (SUI), which recently gained attention due to a hacking incident, has announced security enhancement measures related to the decentralized exchange (DEX) Cetus (CETUS) hacking case.
On the 26th (local time), SUI explained through its official X (formerly Twitter) that "the incident was not due to a fundamental vulnerability in the SUI network or the Move language, but was caused by a bug in the Cetus math library."
They further stated, "We are planning to announce several measures to enhance the security of the SUI ecosystem," adding that "this includes an additional $10 million investment in security enhancement."
Previously, Cetus, a major DEX within the SUI ecosystem, suffered a loss of $260 million due to hacking.
This announcement is seen as a step towards restoring trust across the SUI ecosystem, with specific plans for strengthening security infrastructure and improving risk response capabilities expected to be presented.
Meanwhile, SUI is trading at $3.4719, down 1.63% from the previous day, based on the Binance Tether (USDT) market as of 04:18 on the 27th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
