π‘ $162M Frozen After Cetus Exploit
Sui Network is making waves after validators swiftly locked $162M of funds stolen in the Cetus Protocol hack. This rare, real-time defense boosted community confidence and showcased Suiβs on-chain threat response in action.
π€ Recovery Plan in Motion
Cetus confirmed itβs working closely with the Sui Foundation, law enforcement, and cybercrime experts. A patched exploit, tracked wallets, and a whitehat bounty offer are already in play β a strong message that security and user trust matter.
π Price & Open Interest Spike
Following the news, SUIβs price and Open Interest surged, according to CoinGlass. Thatβs a clear signal: the market is reacting positively to how this crisis was handled.
π A Rare Blockchain Feature
The ability to freeze stolen assets is unusual in DeFiβand itβs giving SUI a unique edge. If the funds are recovered and user losses minimized, this event could turn into a bullish milestone for SUIβs reputation.
π Will It Last?
If sentiment continues to improve and transparency remains high, SUI could see renewed investor interest and long-term upside.
β οΈ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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