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Vikram Choudhary

@bluehat

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38 Followers
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Doubling down on Sui security. A thread 🧵 The root cause of the Cetus incident was a bug in a Cetus math library, not a vulnerability in Sui or Move. But the impact on users is the same. We need to take a holistic perspective and step up our game on supporting ecosystem security. This week, we’ll be talking about some of the security initiatives we already have in place and announce a few new ones to show that we’re serious about supporting Sui builders in securing their apps. We’re kicking this off by committing to spend an additional $10M on security initiatives. These funds will be spent on audits, bug bounty programs, formal verification, and other ways to harden Sui — we’ll figure out the details in collaboration with our developer community. We designed Sui specifically to enable more secure smart contract development, so the first major security incident for a dApp is a deeply sad day for us. We also recognize that this is a coming of age moment that nearly every major blockchain.
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