SUI Network Experiences Six-Hour Outage, Freezing $1B in Assets
The sui blockchain suffered a major outage lasting nearly six hours, completely halting transactions and immobilizing over $1 billion in on-chain assets. The Sui Foundation confirmed the consensus failure but withheld technical details, reigniting debates about the reliability of high-throughput networks in an industry where uptime is becoming a critical metric.
Network activity froze at 14:52 UTC despite Sui's positioning as a leading high-speed LAYER 1 solution. Developers scrambled to implement a fix by 15:24 UTC, though restoration timelines remained unclear—a stark reminder that even advanced blockchain architectures remain vulnerable to unanticipated failures.
Remarkably, the SUI token price showed resilience, briefly rallying after service restoration. The incident underscores growing institutional scrutiny of blockchain infrastructure stability as digital assets mature into mainstream financial instruments.
