Sui Community Advances Cetus Recovery Plan with Onchain Vote After $223M Exploit
The Sui community is voting on a recovery plan after a $223M exploit involving Cetus. The proposal, likely to pass, would transfer compromised tokens to a multi-signature wallet for user reimbursement.
Cetus Protocol’s $223 Million Hack Puts Sui’s Decentralization in the Spotlight – Crypto News Bitcoin News
Cetus Protocol suffered a $223M hack, with $162M frozen by Sui validators. The incident raises questions about Sui’s decentralization as funds were partially moved to Ethereum.
SUI’s $220 Million Crypto Hack Fuels Centralization Backlash
A $220M hack on SUI’s Cetus Protocol sparked debates on centralization as validators blacklisted hacker addresses, with critics citing founder-heavy staking and few validators as proof of centralization.
Cardano Audit Probes $600M ADA Gap – Was Treasury Looted?
Cardano faces allegations of misappropriating $600M in ADA during a 2021 hard fork. Founder Charles Hoskinson denies claims, stating funds were redeemed or donated. Audit underway amid transparency concerns.
Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims
Charles Hoskinson denies $600M ADA misappropriation claims, pledges Cardano treasury audit amid community backlash over alleged ledger manipulation during 2021 hard fork.
‘Sats’ vs ‘bits’ debate reignites amid proposal to change Bitcoin base unit
A proposal to change Bitcoin’s base unit from satoshis to bits has sparked debate, with supporters arguing it simplifies payments while opponents defend satoshis’ familiarity.
