Sui Foundation announced an expanded, multi-year $10 million security initiative aimed at shoring up its blockchain ecosystem after a high-profile exploit shook community confidence.
The program targets builders, decentralized applications, and end users by raising security standards across the network and funding a suite of preventative and detective measures. Core focus areas include end-user protection, ecosystem-wide visibility, advanced protocol security, and secure development practices.
In direct response to the Cetus hack—which inflicted major financial losses and prompted public pushback—the foundation is directing the $10 million toward scaled code audits, new bug bounty programs, and developer tooling designed to find and fix vulnerabilities before they are exploited.
Developers will gain access to transaction simulation tools, exploit monitoring systems, and formal verification methods that rigorously check smart contract correctness, enabling more robust pre-deployment testing and reduced risk of runtime failures.
Web3 applications will receive malicious dApp detection capabilities and impersonation takedown functions to combat fraud and phishing attempts. These measures are designed to provide both proactive safeguards and faster incident detection and mitigation.
The initiative emphasizes shared responsibility among developers, validators, and the wider community. Bug bounty programs are structured to reward security researchers and community members who detect and responsibly disclose flaws, creating stronger incentives to surface issues early.
Validator participation and coordinated monitoring aim to improve ecosystem-wide visibility so that threats can be identified and contained more quickly, reducing the window of exposure for potential exploits.
Beyond immediate protections, the foundation frames the program as a trust-rebuilding effort to support long-term growth for Sui’s DeFi, NFT, and dApp ecosystems. By combining audits, formal verification, real-time monitoring, and community-driven reporting, the $10 million push seeks to reduce future exploit risk and restore confidence among users and builders in the broader crypto landscape.
