After hacker attack, Sui promises $ 10 million for smart contracts audits and bug bounties
- After the cetus hack, SUI provides $ 10 million for audits, bug bounties and formal verification to increase network security.
- The cetus hack was caused by an error in a mathematical library; SUI focuses on system security and the support of the developers.
The SUI Blockchain network has announced an investment of $ 10 million in the security infrastructure after the latest Cetus Dex-Hack. The step will support Smart Contract audits, bug bounty programs and formal verification in the entire ecosystem.
How CNF reported the Cetus-Hack led to a loss of $ 223 million and revealed a mistake in the code of Cetus, not in the Sui-Blockchain itself. Nevertheless, the blockchain network takes steps to strengthen the network and calm down the community.
Security investments for audits, bounties and verification
On May 26, Sui announced that $ 10 million will be provided for improving the security measures in the network. These means support regular smart contract audits by reputable companies in order to identify weaknesses before use.
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…
— Sui (@SuiNetwork) May 26, 2025
The investment also includes bug bounty programs to encourage white hackers to report potential weaknesses responsibly. In addition, formal review methods are used to mathematically validate smart contracts, which represents an additional security level for the ecosystem.
The SUI team explained that the cetus hack is due to an error in a mathematical library used by the Cetus Dex. The official explanation of SUI states:
“The cause of the Cetus incident was an error in a mathematical library of Cetus, not a weak point in Sui or Move.”
Nevertheless, the team emphasized the need for a holistic approach for the safety of the system and recognized the common responsibility of developers and platform operators.
Sui wants to work closely with his developer community to determine how the $ 10 million can best be used. Details on the concrete introduction of audits, bounty programs and formal verification efforts are expected to be announced in the coming weeks. The commitment aims to create a safer environment for developers and users alike and reduce the likelihood of similar attacks.
Reaction to cetus hack and damage limitation
The Cetus-Hack with a damage of $ 223 million, which was reported in mid-May, shook the SUI system. The attacker used an incorrect left-hand postponement surgery in the mathematical library of the Cetus protocol and thus enabled the repeated withdrawal of funds by manipulating the liquidity pool logic. After the break -in, Sui validists and partners frenzy and the same day around $ 162 million of the stolen funds.
Said hat A bounty of $ 6 million for the identification of the hacker and the replacement of the remaining $ 60 million. The platform works with security experts from Inca Digital, law enforcement authorities and other participants. Cetus also works on a protocol upgrade to restore the frozen funds and allow liquidity cancellations as soon as the contracts have passed new security tests.
Sui emphasized that the incident marks a moment of “growing up” for the ecosystem and pointed out that no programming language or blockchain can completely prevent human programming errors. The team encouraged community members and developers to learn from the incident and to concentrate on the hardening of Smart Contract code.
Long -term trust and security build
The commitment of $ 10 million shows the attitude of the network to strengthen security and to restore the trust of customers. The financing of comprehensive audits, bug bounties and formal verification is intended to prevent future weaknesses and improve the general resilience of the system.
This also addresses a wider transparency problem in decentralized applications, which was cleared by the Cetus incident. The temporary interruption of the operation of Smart Contract has shown the associated risks and the need for better safety precautions.
SUI has introduced a whitelist function and a recovery module to prepare the return of funds to liquidity providers. With the whitelist, approved transactions can be carried out in advance, such as CNF already reported.
The market reaction to the hack has kept the course of the SUI tokens under pressure, and it is around $ 3.56, with minimal movements since the incident. The turnover has increased slightly, because investors are still interested in despite the setback.
Like CNF, the crypto room still fights with hacks such as the 1.4 billion dollar hack from Bybit and the data leak from Coinbase.
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