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Cetus and the Sui Foundation are facing criticism after validators froze a large portion of the $223 million that was stolen during the Cetus hack on May 22, raising centralization concerns. Cetus and the Sui Foundation announced that validators had frozen a majority of the stolen assets. According to the Cetus team, $163 million of the $223 million was frozen by validators and ecosystem partners on the same day as the incident. However, the move to freeze the funds was criticized, with several Web3 community members saying it “undermines the principles of decentralization.” “Sui validators are actively censoring transactions across the blockchain,” wrote one user on X, echoing similar posts by community members. SUI validators are actively censoring transactions across the blockchain. This completely undermines the principles of decentralization and transforms the network into nothing more than a centralized, permissioned database. — Dave (@ItsDave_A...

Anton Peraire-Bueno and James Peraire-Bueno, two brothers who operate Ethereum validators, have been indicted in the Southern District of New York on charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. The charges related to a scheme that has been described as exploiting the ‘very integrity of the Ethereum Blockchain to fraudulently obtain approximately $25 million.’ The brothers allegedly worked together on a complex exploit that allowed them to take advantage of traders searching for ‘maximum extractable value’ (MEV) on Ethereum.  By operating multiple Ethereum validators, the brothers were allegedly able to submit blocks that included exploited transactions . Allegedly, once the brothers were aware that their validators would soon have opportunities to submit blocks, they would create ‘bait’ transactions that seemed to have significant upside for the MEV traders and wait for those traders to attem...