<ul><li>A technical bug in the Cetus Protocol was identified as the root cause of the $223 million security breach with the Sui team pledging $10 million to enhance security measures.</li><li>The Cetus hack was attributed to a bug in the protocol's math logic, not a vulnerability in Sui or the Move programming language, leading to unauthorized withdrawals of $223 million in crypto assets.</li><li>Sui allocated $10 million for independent audits, formal verification tools, and an enlarged bug bounty program to prevent future security breaches and bolster the ecosystem's security.</li><li>The incident was viewed as a turning point for the Sui ecosystem, prompting a focus on code reviews, formal verification, and developer education to strengthen the network resilience and community collaboration.</li></ul>

$223M Vanishes in Cetus Hack: Sui Uncovers Root Cause and Reacts

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