Sui-based DEX Cetus faces a governance vote on a $162M recovery plan following a recent exploit. This raises questions about centralization and the future of DeFi security.
Tag: Law
Rep. Steil Calls for Focus on Core Issues in Crypto Legislation to Avoid Delays
US Representative Bryan Steil urges lawmakers to stop adding non-relevant items into the legislative text of bills, arguing that it is slowing progress on crypto laws.
Sui Validators Vote on $162M Cetus Recovery Plan: What It Means for the Ecosystem
Following a significant exploit on the Cetus DEX, Sui validators are voting on a proposal to recover $162 million in frozen funds. This decision and the subsequent recovery plan could have major implications for the Sui ecosystem.
France Cracks Down on Crypto Kidnappings: Over a Dozen Arrested
French authorities have arrested over a dozen individuals, including minors, in connection to a series of crypto-related kidnapping cases. This crackdown follows several high-profile incidents targeting crypto entrepreneurs and their families in France.
Cetus Offers $6M Bounty After $220M Hack: Sui Decentralization Under Scrutiny
Following a $220 million hack, Cetus offers a $6 million bounty for the return of stolen funds, while Sui Network’s response sparks debate about decentralization. Learn about the details of the hack, the bounty offer, and the controversy surrounding Sui’s actions.