SUI Price is 3.91% up in 24 hours after SUI’s top DEX Cetus announced the freezing of $162 million of the $220 million that hackers drained on Thursday’s smart contract exploit. As per a Q&A update by Cetus, the frozen amount was held within SUI while the remaining $60 million is held in ETH outside the ecosystem. To recover 100% of the funds, the team said a concerted effort was already underway between them, the SUI Foundation and various other entities. What’s Happening with SUI? On May 24, SUI released an update on X explaining how the funds were frozen to calm concerns of the network’s centralization risk. “Each validator has a configuration file that allows it to ignore transactions from a specific address. Adding addresses to this file is at the discretion of each individual validator, and can be reversed at any time,” Said the tweet. For this reason,… Read More at Coingape.com
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