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The Sui Foundation was recently embroiled in a controversy after it was accused of dumping locked and non-circulating SUI tokens on the popular crypto exchange Binance.
The SUI foundation has denied allegations that it unlocked SUI staking rewards and dumped them on Binance.
Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance.
Sui Network, an L1 blockchain platform, has taken to Twitter to clear the air after speculations that they deliberately misrepresented the emission chart and that the team was dumping staking rewards in the company's native token, SUI.
The Sui Foundation said it's on track with the SUI token unlock, as it aims to double supply by November of this year.
Sui and Aptos, after months of anticipation, are set to unlock more tokens in July, raising questions about their future trajectory in the ever-evolving crypto landscape.
Blockchain security firm CertiK is receiving a big reward for discovering a major security threat to the layer-1 blockchain project Sui Network (SUI). According to a new press release, Sui is giving CertiK a $500,000 reward for identifying the threat codenamed “HamsterWheel,” which could have crippled the entire blockchain network.
The innovative audit firm, CertiK, recently unveiled a potentially catastrophic bug lurking within the Sui network, preventing a potential disaster. In recognition of the significance of this finding, the Sui Foundation rewarded CertiK with a substantial $500,000 award.
The SUI token has experienced a significant surge of over 11% in the past 24 hours.
Blockchain security firm CertiK has been awarded a $500,000 bounty by Sui for identifying and reporting a critical vulnerability called "HamsterWheel" before Sui's mainnet launch.
Blockchain security company CertiK has discovered a vulnerability that could put Sui at risk of shutting down blockchain operations.
Sui awarded $500,000 to blockchain security firm CertiK for discovering a critical ‘HamsterWheel' vulnerability on its network, according to a June 19 blog post. In the blog post, CertiK's Skyfall team detailed the technical aspects of the HamsterWheel attack, explaining how it would have negatively impacted Sui and how it was fixed.
The bug was found before Sui mainnet was live and the foundation granted a $500,000 award for the discovery.
The vulnerability dubbed “HamsterWheel” traps nodes in an endless loop similar to hamsters jogging on a wheel.
Token unlock events happen frequently. Plenty of times, we can observe a temporary pullback of the token price.
Sui ($SUI) has been one of the most talked-about crypto projects over the past six weeks, with its entrance to the market being met with widespread acclaim.
Over the last 24 hours, SUI has put on a tremendous rally and has risen over 15% in this time period. With this rally, the altcoin has moved once more into bullish territory, which begs the question of whether SUI would be on its way back to $1 soon.
In a surprising twist, the SUI token has emerged as the leader of the recent crypto market recovery, posting an impressive 8% surge overnight.
Thanks to a recent project update and a few contrarian bets in the futures market, the token powering Sui has led the latest rally.
UNI, ICP, FIL, ALGO, ARB, and HBAR are the best performers from the top 36 digital assets.
The price of SUI has skyrocketed by a staggering 15% within a 24-hour period.
The price of SUI has experienced a significant decline in the past week, dropping by 38.13%. In the last 24 hours alone, the price has fallen by 21.51%.
The market is currently experiencing a downturn fueled by an unsettling combination of FUD (fear, uncertainty, and doubt). Adding to this challenging situation is the recent lawsuit filed against Binance by the US Securities and Exchange Commission.
Turbos Finance, a project in the Sui ecosystem, has today launched a smart routing mechanism tailored to the Sui-Move programming language. Until now, Sui users who wanted to use the USDC stablecoin on Sui had to first wrap USDC on the source network.
