The firm has shared the update on its X post. The firm stated that the Sui Foundation is also helping it by giving a loan to cover the money the hacker moved off the network. Plus, Sui is putting $10 million into improving security so such an incident does not happen again. The vote, which involves Sui validators and token holders, is a big deal, and Cetus is asking everyone in the Sui community to support it to help make things right.
Cetus and the Sui Foundation are both working together to handle this crisis after the hack in the DeFi space. Cetus is focused on paying back the money to its users. By taking this initiative, the firm aims to make the Sui DeFi system safer so that the system can manage problems better in the future. The firm will share a detailed plan outlining how it intends to assist everyone who lost money in the hack.
Cypherpunk Technologies is expanding its massive bet on Zcash by launching what it calls the…
MapleStory Universe is putting artificial intelligence in the hands of game creators with the launch…
Kalshi is making another major move beyond prediction markets, filing with the Commodity Futures Trading…
Coinbase is bringing high-leverage decentralized derivatives directly into its Base App through an integration with…
Hong Kong's first regulated Hong Kong dollar stablecoin is moving beyond testing and into real-world…
Cybersecurity researchers at Rapid7 have uncovered a sophisticated crypto fraud operation that used nearly 885,000…