Sui Community fixes staking bug, refunds $4,747 to affected wallets

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  • Sui Community returned 1,376 SUIs to customers affected by a bug found in October.
  • The blockchain protocol discovered that 1,273 wallets have been affected by the bug.
  • Sui's TVL fell to $1.4 billion from $1.6 billion on Nov. 19.

Sui Community, a number one layer-1 blockchain ecosystem, has issued a full refund of 1,376 SUI tokens to customers who missed out on staking rewards as a result of a bug. This bug affected sure token holders who unstaked their property between epochs 560 and 563.

The Sai crew applied the repair in epoch 564 on October twenty eighth. After the repair was printed, the blockchain protocol recognized 1,273 wallets that unstaked property between epochs 560 and 563, lacking out on a complete of 1,376 SUI rewards.

Sui notified these affected through XPost (previously Twitter) and refunded 1,376 SUI (equal to $4,747.2 based mostly on the token worth of $3.46 on the time, a 5% drop in 7 days) to affected wallets. mentioned.

Sui mentioned that whereas the influence of the bug recognized on October 24 was small, the protocolI needed to make issues proper.” SUI, the community’s native token, has carried out nicely in comparison with most digital property just lately, growing by 466.42% since November 2023, reaching a market capitalization of $9.86 billion, in response to knowledge from CoinMarketCap.

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Sui Community TVL and worth evaluation

In accordance with knowledge from DefiLlama, the overall worth locked (TVL) of the Sui ecosystem elevated from $159 million on November 28, 2023 to $1.62 billion on November 19, 2023. On the time of publication, Sui Community's TVL is $1.4 billion and stablecoin quantity is $330 million.

SUI token worth evaluation utilizing accumulation/distribution reveals that accumulation of digital property continues to extend, whereas the slope of the road suggests elevated investor curiosity.

Additionally learn: Sui Community Outage Impacts SUI Worth: What Traders Must Know

The Relative Power Index is above 60, confirming that consumers nonetheless have the higher hand on this area, and the slope of the road means that momentum is slowing within the brief time period. Buying and selling worth has fallen by 17.39% previously 24 hours, and merchants can count on the downward pattern to proceed for a while.

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