Sui official: An additional $10 million will be invested to enhance Sui's on chain security

BlockBeats News: On May 27th, Sui officially stated that the root cause of the Cetus incident was a vulnerability in Cetus' own math library, rather than a security issue with Sui or Move. But the impact on users is the same. This week, Sui will introduce some implemented security measures and announce several new plans, demonstrating a firm determination to support Sui developers in ensuring the security of their applications. Sui will launch a plan to invest an additional $10 million in security measures. This funding will be used for audits, vulnerability bounty programs, formal verification, and other measures to enhance Sui security. Specific details will be discussed and determined with the developer community. Our original intention in designing Sui was to support the development of more secure smart contracts, so we will learn from this incident, strengthen important code on Sui, and help developers jointly enhance security protection.