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Coin Edition 2025-05-27 14:15:00

Sui Responds to Cetus Incident With $10 Million Security Fund, Vows Stronger dApp Support

Sui Responds to Cetus Incident With $10 Million Security Fund, Vows Stronger dApp Support

Sui Foundation commits $10M to improve ecosystem-wide dApp security post-incident Security push includes audits, bounties, and developer-focused formal verification Despite price dip, Sui sees incident as a turning point toward stronger resilience The recent Cetus incident has sharply focused attention on the security of decentralized applications (dApps). While the root issue stemmed from a bug in Cetus’s math library, not a flaw within the Sui blockchain or its Move programming language, the consequences were felt by end-users just the same. This reality has prompted a strong and urgent response from the Sui Foundation. In a clear move to address this, the Sui Foundation has pledged an additional $10 million to boost security across the Sui ecosystem. This investment aims to reinforce trust, support developers, and build more resilient dApps. 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. — Sui (@SuiNetwork) May 26, 2025… The post Sui Responds to Cetus Incident With $10 Million Security Fund, Vows Stronger dApp Support appeared first on Coin Edition .

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