Sui Network's $162M Vote Fuels Decentralization Debate

Sui Network's $162M Vote Fuels Decentralization Debate

The decentralized finance (DeFi) community is once again embroiled in a debate over the true meaning of decentralization following a recent governance vote on the Sui network. On May 29, Sui validators approved a proposal to return $162 million in funds frozen during a $220 million exploit of Cetus, a decentralized exchange operating on the Sui blockchain. The vote, passed with over 90% approval, authorized the transfer of the assets to a multis...

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