Degen

🔐 Sui doubles down on security after the Cetus incident

Sui Network clarified that the recent exploit was due to a bug in the Cetus math library, not in Sui or the Move language itself. But the damage to users was real — and now it’s time to act.

📢 The Sui team:
✅ Is launching a new wave of security initiatives
💰 Committing an additional $10M to audits, bug bounties, formal verification & more
🔧 Collaborating closely with the dev community to harden the network

💬 “Sui was built with secure smart contract development in mind. This is a painful, but pivotal moment — a reality check every major blockchain eventually faces.”

🔍 The ecosystem is maturing, and we’re watching to see who truly stands behind their builders.