Cetus Exchange Hack: SUI Validators Freeze $162M Amid Community Criticism

The recent breach at the Cetus exchange resulted in a hacker stealing approximately $223 million from its pools. Validators on the SUI network have temporarily frozen $162 million of the compromised funds. This unusual move has sparked criticism regarding the network's centralization, as normally, transactions cannot be blocked without a voting process, validator consensus, and subsequent action. SUI has preemptively frozen the assets before conducting a vote on the appropriate course of action. It is fortunate that a significant portion of the funds was saved, especially since issues of centralization are easier to critique when personal assets are secure.