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.
Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…
Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…
Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…
A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…
BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…
A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…