Sui Official: To Further Enhance Sui Chain Security, an Additional $10 Million Will Be Invested

BlockBeats News, May 27th, Sui's official statement indicated that the fundamental cause of the Cetus incident was a vulnerability in Cetus's own mathematical library, not a security issue with Sui or Move. However, the impact on users was the same. This week, Sui will introduce some security measures that have already been implemented and announce several new initiatives, demonstrating a firm commitment to supporting Sui developers in safeguarding their applications.

Sui will launch a plan to allocate an additional $10 million to security measures. This funding will be used for audits, bug bounty programs, formal verification, and other measures to enhance Sui's security. Specific details will be determined in consultation with the developer community.

Our original intention in designing Sui was to support more secure smart contract development, so we will learn from this incident, strengthen key code in Sui, and help developers collectively enhance security protection.