The Sui Network issued a comprehensive report on the details of the Cetus attack, which shook the ecosystem last week and led to a total of 260 million dollars of loss. The report explains the technical reasons of the attack and the subsequent security steps of the network. The Sui team also said that it aims to make its systems more robust with their new security strategies.
Cetus attack
In a statement made by the NET, the losses experienced in the Cetus protocol, the protocol is due to a software error that emerged in its mathematical infrastructure. The sui network emphasized that this deficit stems from the functioning of the mathematical functions of the Cetus protocol, not the Move programming language or SUİ itself. Thus, there was no direct vulnerability in the network infrastructure or the smart contract language used.
In the incident last week, the Cetus protocol (the most commonly used exchange (Dex) and liquidity provider) was targeted on the Cetus protocol. In the cyber attack, approximately $ 223 million crypto assets were at risk, while a total of $ 162 million assets were freezing and protected with the rapid intervention of the sui network. Cetus also provided information to its users and announced that they have been working on various measures.
SUİ SAFETY PREPARATIONS
The SUİ team announced that it will take comprehensive security measures to protect the ecosystem after the attack. According to the Network Management, new methods of analysis will be developed for early detection of security deficits and the weighting areas will be focused on monitoring.
“This event has shown that a more holistic approach should be adopted for the safety of the entire ecosystem. In order to prevent similar situations in the future, we will increase the mathematical and technical controls in the protocols.”
Another step that the Sui network prioritized was to allocate a new budget of $ 10 million to ensure the security of users. This fund will be used for new audit mechanisms and third -party security research. Network management believes that such investments will increase confidence and stability in the ecosystem.
The sui network also focuses on the transparent communication policy after the incident. Regular updates are released from various platforms in order to get instant information on the subject. After the attack, the concerns about the elimination of the use of users to reduce the damages of various compensation steps were evaluated.
Experts point out that security has become an important priority in the sui ecosystem after the attack. The error within the protocol itself is defined as an important warning for other initiatives working on non -decentralized practices.
To recover, the sui network is preparing to take a series of technical and financial measures to reduce the effects of the attack on the Cetus protocol and to avoid repeating similar events. The new security protocols to be developed for the security of users and the reputation of the network are closely monitored. With the transparent conduct of the process, it is foreseen that Sui can maintain its place in the ecosystem in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
