Sui Network’s $10M War Chest After Devastating Hack: Can It Save the Ecosystem?

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According to AMBCrypto, the Sui network has launched a big $10 million security plan after the serious Cetus hack, showing the project’s strong effort to regain users’ trust and make its system stronger.

The Cetus hack, which took place last Thursday, May 22, 2025, shook the crypto world. It revealed a weakness and tested how well decentralized governance can hold up, leading to debates among experts and traders.

Sui Network’s $10 Million Security Commitment

The Sui network has confirmed that the $10 million fund will go towards detailed audits, strong bug bounties, and advanced tools for developers. According to the SUI team, this action comes after the $223 million exploit of the Cetus protocol.

Cetus Hack

They explained this happened because of a bug in Cetus’s custom math library and not because of any problem with the Sui or its move programming language.

Analysts like crypto researcher Nina Patel have said, this type of action shows a proactive attitude that’s not often seen. The Sui network is taking charge when most of the project could have just waited and hoped the problem would pass.

Governance Debate Sparks Heated Community Reaction

The Cetus hack has not only caused financial losses but also a big debate about Decentralization and governance. The Sui network’s plan to hold an on-chain vote to return funds to Cetus has drawn a string comparison to Ethereum’s well-known DAO rollback in 2016.

While the Sui Foundation has stayed neutral, some in the community believe that the influence of validators might harm the idea of Decentralization. Blockchain governance expert Leo Martinez said that it’s not only about the hack, but it’s really about the premises that this network has for its users.

Price Impact and Market Response

After the Cetus hack, Sui’s price dropped by about 17.5%. However, recent signs show that the Altcoin is holding steady, which suggests that the heavy selling pressure might be over for now. Currently, Sui is trading at $3.70.

Technical indicators like the RSI have moved back to neutral, showing that the bearish momentum is easing. On-chain data shows a slight buying activity, and DeFi observers point out that Sui’s total value locked (TVL) has started to recover.

Strengthening Security Across the Ecosystem

Apart from the short-term recovery, the Sui network has highlighted that the $10 million security fund will help to build long-term strength. This includes working with third-party security firms, improving math and software audits, and increasing monitoring of the most risky part of the protocol.

Sui Network

Security consultant Daniel Rohas, who works with several DeFi platforms, said that the hack was a big warning. The network’s strong response shows that they are committed to preventing this kind of problem in the future.

The Cetus team has also offered a $6 million reward for a white-hat bounty, and the Sui Foundation has added a $5 million price for anyone who helps to identify the attackers. These efforts show a multi-level approach to recover from the hack and hold those who are responsible accountable.

Conclusion

The SUI network’s $10 million security plan after the $223 million Cetus hack shows that they are serious about protecting their system and winning back their users’ trust. By improving security checks and developers’ tools, Sui is setting a good example for other Blockchain projects.

Though there are still some governance issues, the network’s quick actions and recovery suggest hope for a better future for both the project and its community.