PANews reported on May 27 that in response to the recent Cetus protocol security incident, Sui Network announced that it will invest an additional $10 million to improve ecological security protection. The funds will be used for smart contract audits, bug bounty programs, formal verification, etc. The specific plan will be jointly formulated with the developer community. The team emphasized that the root cause of this incident was a vulnerability in the Cetus math library, not a security flaw in Sui's underlying layer or Move language, but admitted that this was the "growing pains" that must be faced in the development of the Sui ecosystem.
Sui said that a series of security plans have been launched, including strengthening developer support tools, optimizing security development practice guidelines, etc. Sui called on ecological project parties to learn lessons from the incident and improve overall security through code reinforcement.
