Sui Announces $10 Million Security Overhaul After the Cetus Hack

Sui Network has announced a $10 million investment into ecosystem-wide security improvements, following a $223 million exploit targeting Cetus Protocol, a decentralized exchange built on Sui. The initiative includes funding for smart contract audits, bug bounty programs, formal verification tools, and collaboration with developers to reinforce dApp security. Sui is Upgrading Its Blockchain Security Although the exploit was caused by a bug in Cetus’s custom math library—not a flaw in the Sui blockchain or Move language—Sui acknowledged the impact on users reflects on the broader network. The new measures aim to shift Sui’s approach from platform-only responsibility to shared accountability across the ecosystem source: https://beincrypto.com/sui-security-upgrade-cetus-hack/