The SUI network has released a post -mortem report as to what causes the $ 260 million seat hack, which shook its ecosystem last week. As part of the report, the network also announced a plan to promote security, a step that is a boom for the SUI price.
Sui Cetus provides reports on hack
In X postThe network revealed that the root cause of the Cetus phenomenon was a bug in the mathematics of the protocol rather than the SUI or the move programming language, which the network adopts for smart contracts. The needle commented that the effect on users is the same and needs to take a holistic perspective to support the safety of the ecosystem.
As the Costep reported, the largest decentralized exchange (DEX) and liquidity provider of the network, Seatus protocolLast week, $ 223 million crypto hack was faced. The network was able to freeze $ 162 million, while CETUS placed a $ 6 million bounty to recover the remaining $ 60 million stolen funds.
As part of efforts to promote network safety, SUI has committed to spend an additional $ 10 million on safety initiatives. The network plans to spend these funds on audit, bug bunty programs and formal verification. The team has planned to cooperate with the developer community to finalize these security plans.
The report also stated that the network was designed to enable especially more secure smart contract development, which creates a “deep grief” for the team to be the first major event to be a “deep -to -sad”.
The team further commented that the incident becomes a part of an upcoming moment, which “every major blockchain has experienced unfortunate,” because no system design or programming language can stop humans from writing bugs.
For example, the SUI team has asked community members to work together to learn from the event, harsh the important code on the network, and help to take the necessary steps to strengthen the builders.
At the time of writing, Needle value Trade at $ 3.46 below 2% in the last 24 hours. The trading volume is also low during this period, with a trading of $ 907.62 million.
Boluvatif edemy
Boluvatif Ademi is a well -veteran crypto news writer and editor who has covered many subjects and Niches cuts in Niches. The most technical concepts in Boluvatiff are a habit to simplify and make Crypto neobis easier to understand. Away from writing, he is a fond Chawla basketball lover, a passenger and a part -time Digen.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
share: