Sui Network Releases Postmortem on $260M Cetus Hack

The Sui network has released a detailed report analyzing the cause of the significant $260 million Cetus hack that recently rocked the ecosystem. The report identifies the primary reason for the attack as a flaw in a math library utilized by Cetus, not a weakness inherent to the Sui blockchain or Move programming language. Though Cetus’s incident impacted users alike, the report highlights that the network itself wasn’t compromised due to design shortcomings. However, this unfortunate event serves as a valuable learning opportunity for both the Sui team and the broader community. The network intends to strengthen security measures by investing an additional $10 million in audits, bug bounty programs, and formal verification efforts, fostering collaboration between developers and the community. This post-mortem marks an essential step towards safeguarding the blockchain’s future and addressing this challenging incident. The report emphasizes that such breaches are not uncommon even for established blockchains and underscores that human error can contribute to vulnerabilities.