On May 28, the Sui blockchain network officially announced a plan to invest an additional $10 million in new security programs, including audit, bug bounty program, Formal Verification and other technical measures aimed at enhancing safety for the Sui ecosystem.
This is a strong reaction after a dApp built on Sui recently experienced a serious security incident. In a chain of posts on X (Twitter), Sui acknowledged:
"This is a sad day for us. We built Sui with the goal of supporting safer smart contract development, but we also understand that this is a maturity milestone that most major blockchains go through."
The new $10 million investment will be allocated flexibly based on developer community feedback, with the goal of further enhancing protection for Decentralized Applications (DApps) on Sui. It is expected that a significant portion of the budget will be used to expand collaboration with top security audit audit companies, develop advanced code testing tools, and encourage community participation in vulnerability detection through reward programs.
This move demonstrates Sui's strong commitment to Web3 ecosystem safety, especially in a context where the blockchain industry continuously faces increasingly sophisticated attacks. Many developers in the community have shown support for this new direction, with positive responses such as:
"Excited to be building on a platform that listens and acts," –TO ofHWrote on X.
With a security-priority strategy, Sui is working to build an image as a reliable blockchain, supporting developers and users in deploying DeFi, GameFi, and other DApps more safely. This is also an important step in expanding adoption and attracting more quality projects to join the ecosystem.
