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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.

The new feature aims to reduce friction for users coming from other ecosystems to Sui and improve liquidity.

Sui Blockchain, a renowned blockchain company, recently made waves with its revolutionary multiyear contract with Formula 1's Red Bull Racing. This alliance highlights blockchain technology's potential to transform motorsports.

Sui, whose blockchain went live less than a month ago, has signed a multiyear deal to become the blockchain partner of Formula One's Oracle Red Bull Racing team. The blockchain's native token (SUI) rose before receding on the news.

As the crypto industry evolves at an unprecedented pace, staying ahead of the curve is imperative for informed decision-making. With every passing day, new trends emerge, reshaping the landscape of digital currencies.

This multi-year partnership between the two players aims to provide immersive digital experiences and enhance fan engagement, showcasing the potential of Web3 technology in connecting people.

Another crypto company is moving into the Formula 1 arena.

The Red Bull team signed a $150-million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space.