
Sui Approves Return of $162M in Frozen Exploit Funds
TL;DR Sui approved the return of $162 million to those affected by the Cetus exploit, which took place on May 22 and resulted in losses exceeding
Sui blockchain is a layer 1, Proof-of-Stake (PoS) blockchain platform that is designed to provide high throughput, low-latency transactions, and instant transaction finality. The platform is built with the Move programming language, which was initially developed by Facebook for its Diem blockchain . Sui aims to create a decentralized, permissionless blockchain network that can support a wide range of use cases, from decentralized finance (DeFi) to non-fungible tokens (NFTs). The project is developed by Mysten Labs, a blockchain development firm co-founded by former Facebook developer Libra and JP Morgan alumni . The native token of the Sui blockchain is called SUI.
TL;DR Sui approved the return of $162 million to those affected by the Cetus exploit, which took place on May 22 and resulted in losses exceeding
TL;DR Sui managed to freeze $162 million after the Cetus hack and announced a $10 million investment to strengthen audits and security. The incident triggered criticism
TL;DR 21Shares has submitted an application to the SEC to launch the first ETF focused on the SUI token, with backing from the Nasdaq exchange. If
TL;DR An exploit on Cetus Protocol led to the theft of $223 million and caused several Sui-based token prices to plunge over 50%. The attack forced
TL;DR Cetus Protocol, the main liquidity provider on the Sui network, was exploited in an attack that drained over $260 million using fake tokens. The attacker
TL;DR Bitlayer and Sui integrated Peg-BTC (YBTC), a token backed 1:1 by BTC, allowing users to interact with Bitcoin in DeFi without losing price exposure. The
TL;DR Digital asset investment products recorded $882 million in inflows last week, marking four consecutive weeks of positive growth. Sui stood out as the top-performing altcoin
TL;DR Rapid Surge in SUI’s Value: SUI surged 60% in the past week, reaching near one-month highs as investor interest soared amid growing market optimism. ETFs
TL;DR Sui will integrate Babylon’s Bitcoin staking protocol and operate as a Bitcoin Secured Network in Phase 3 of the expansion plan. The integration allows BTC
TL;DR Cboe BZX’s Proposal: The exchange has asked the U.S. SEC to list the Canary SUI ETF, potentially marking the first ETF that tracks the Sui
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
© Crypto Economy