1H
1.34%$0.0376
24H
1.44%$0.0403
7D
-15.4%$0.5174
30D
-27.0%$1.05
Sui Protocol’s Cetus DEX has successfully relaunched, addressing software vulnerabilities and restoring pool data with recovery rates between 85-99%.
Cetus Protocol has received approval of the on-chain vote to transfer the previously quarantined funds on Sui to a multisig trust wallet.
SUI price increased by 8% to $3.75, with trading volumes climbing 44% to $1.25 billion, driven by the SUI Foundation’s funding to victims of the hack.
Over $549 million in token unlocks led by SUI’s $158 million release could inject fresh volatility into the week.
Cetus, the native DEX on the Sui blockchain, is offering a $6 million white hat bounty or 2,324 ETH in good faith to return all the stolen funds.
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
To enlighten our readers on certain underlying crypto technologies, this guide brings a vivid review of a very efficient instrument and a backbone to IoT that records the exchange of machine-to-machine transactions, Iota.
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