Sui Foundation Confirms Financial Support for Cetus Protocol After $223M Hack

Description

Sui Foundation offers loans to Cetus after $223M exploit tied to smart contract flaw. $160M remains frozen on-chain as $60M is laundered across Ethereum. Community vote pending on recovery plan as Cetus issues $6M bounty for intel. The Sui blockchain network is undergoing a coordinated response after a breach in the Cetus Protocol’s smart contract code that led to the loss of approximately $223 million. The hack stemmed from a flaw in a math library used by Cetus, enabling an attacker to manipul...