Sui token dips as community questions decentralization over frozen funds
Description
The decentralization of the Layer-1 blockchain Sui network is being questioned after its major DeFi platform, Cetus Protocol, called for an upgrade to recover stolen funds. Cetus had been hacked for over $222 million, but Sui Validators were able to freeze $162 million of the stolen funds.
Publish date
May 26, 2025 - 12:00am