The post On freezes $160 million stolen following a hack appeared on BitcoinEthereumNews.com.

The Sui Foundation has recently taken a decisive step in the fight against cyber attacks in the cryptocurrency world, successfully blocking 160 million dollars stolen following a hack.  Although the freezing of funds represents a technical victory, it has also raised crucial questions about decentralization and the future of the network Sui Network. Now, the community’s attention is entirely focused on the foundation: what will happen to these funds? The possible paths for the unlock on Sui after the hack Currently, the stolen funds have been blocked thanks to a mechanism called deny_list, which prevents any transaction from addresses associated with the hacker.  In practice, the validators of the network reject any operation involving these addresses, making the funds unusable. However, this block is not permanent. There are several options to unlock the funds, each with very different technical, ethical, and political implications. One of the most discussed options is the use of a whitelist, that is, a list of authorized transactions that can bypass security checks. This approach leverages the function `transaction_allow_list_skip_all_checks`, which allows completely ignoring the deny_list.  Although the relative proposal on GitHub has been closed, it remains the most likely solution. Another possibility is to perform a hard fork, which means directly modifying the protocol rules and the state of the blockchain.  This solution, already adopted by Ethereum after the attack on the DAO in 2016, involves enormous risks: it could split the network and compromise the immutability of the chain.  For a young blockchain like Sui, in an already saturated market, it would be a potentially self-destructive gamble. The foundation might also decide to do nothing, keeping the funds locked forever. In this case, the total supply of SUI would accidentally decrease, creating a deflationary effect.  A choice that, although simple, could have long-term economic and…

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Filed under: News - @ May 26, 2025 8:28 pm