Sui Blockchain Recovers From 6-Hour Network Outage
Summary
The layer-1 Sui blockchain is back online and fully operational following a network outage that lasted nearly six hours, stalling transactions. The Sui Foundation confirmed the outage began around 3:24 pm UTC on Wednesday and was resolved by 8:44 pm UTC, though they have not yet disclosed the cause of the "Consensus outage." This incident restricted over $1 billion in value on the chain and marks the second major outage for the network since its launch in May 2023. During the downtime, the price of Sui's native token (SUI) briefly spiked 4% before settling near $1.84.
(Source:Cointelegraph)