The Sui network will restart after a 6-hour interruption

Cointelegraph


The Sui Network is back online after a six-hour shutdown on Thursday due to a bug introduced in an update in 2026, marking the second break of the Layer-1 blockchain.

Sui posted on X on Thursday that activity on the mainnet was halted after “due to a crash bug in the gas charging logic introduced in the 1.72 release. A full incident review will be shared in the coming days.”

Sui previously shared that the blockchain is “experiencing a network stall” and that transactions may be halted until a fix is ​​issued.

According to the Network Status Indicator, the outage lasted 5 hours and 55 minutes. Sui mainnet authenticators are still listed as having “degraded performance”.

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Source: Follow up.

This is the second time this year that the Sui blockchain has taken the network offline for more than six hours, following a similar incident in January. Another incident occurred in November 2024, when all validators were stuck in a crash loop for around two and a half hours, preventing transactions from going through.

Sui is the 13th largest blockchain in total, with $542 million locked in and hosting 137 protocols.

Sui Token will decrease by 6.6% before returning

The Sui (SUI) token fell 6.6% to a low of 90 cents during the break. It has since recovered slightly and was trading at 93 cents as of early Friday.

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The SUI fell to 6.6% at the time of the shutdown. Source: CoinGecko

Earlier this month, the token surged 50% to $1.41 after several positive developments, with a Nasdaq-listed company holding a large portion of its supply and developers announcing upcoming features including zero-fee stablecoin transfers and private transactions.

Swi launched the network in May 2023, with the aim of being scalable and able to quickly process transactions for financial institutions.

Related: CME Group expands crypto futures with Avalanche and Sui contracts

Adeniyi Abiodun, co-founder of Mysten Labs, the developer of the Sui network, announced the imminent release of zero-fee stablecoin transfers in Consensus 2026 and reiterated plans to add a private-transaction feature.

Not all major crypto disruptions this year have come from technical issues. Drift Protocol, a decentralized cryptocurrency exchange, was hacked in April, causing it to temporarily halt deposits and withdrawals.

Kelp, a liquid staking protocol, was targeted by a cyber attack in April, prompting the platform to suspend smart contracts for staking (rsETH) while it investigates the incident.

Magazine: Polymarket Seeks Japanese Entry, Harvard Dumps Entire ETH Space: Hodler Digest, May 17 – 23

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