Sui Network Locks Up $160 Million in Stolen Funds: Community Weighs In

A major hack on the decentralized exchange Cetus, a prominent platform on the Sui network, resulted in the theft of approximately $223 million to $260 million from liquidity pools. The Sui Foundation, alongside its validators, swiftly froze $160 million of the stolen funds. This move demonstrates the power of validator communities in addressing such incidents and highlights the impact of decentralized systems’ security on community trust. ]