Cetus $223M Hack Exposes DeFi’s Ongoing Struggle To Balance Security and Decentralization

Following the $223M Cetus Protocol hack on May 22, 2025, caused by a flaw in Cetus’s math library not Sui’s blockchain or Move language, Sui Network allocated $10M to enhance ecosystem security. This includes funding for smart contract audits, expanded bug bounty programs, formal verification tools, and developer collaboration to strengthen decentralized applications (dApps). The [...]The post Cetus $223M Hack Exposes DeFi’s Ongoing Struggle To Balance Security and Decentralization appeared first on Tekedia.

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