Sui Network, a high-speed Layer 1 blockchain, experienced a significant outage lasting nearly six hours, freezing approximately $10 billion in assets. The disruption, classified as a "Consensus Interruption," prevented validation nodes from reaching consensus on new blocks, halting transaction confirmations. The Sui Foundation confirmed the anomaly at 15:24 UTC, and the network resumed normal operations by 20:44 UTC. This marks the second major system-level failure since Sui's mainnet launch in 2023.
Despite the outage, the price of Sui's native token, SUI, remained relatively stable, reflecting increased market tolerance for technical disruptions. However, the incident highlights ongoing challenges for high-performance blockchains, which often trade complexity for vulnerability. The Sui Foundation plans to release a full incident report soon, as the network aims to enhance its stability and reliability in the face of growing scrutiny.
Sui Network Suffers 6-Hour Outage, Freezing $10 Billion in Assets
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
