The Sui network encountered a major incident on November 21 when it was unable to create blocks on the mainnet, causing the blockchain to stall. After a 2-hour interruption, the network resumed operation and processed transactions normally.

The cause of the incident was identified as a fault in the transaction scheduling logic, leading to the failure of validators. Thanks to the swift efforts from the community, the issue has been resolved. 🔧

The price of SUI dropped nearly 10% from $3.7 to $3.35, before recovering to $3.64. The incident also caused Upbit to temporarily suspend SUI deposits/withdrawals.

Sui, dubbed the "Solana Killer," has attracted attention with a TVL of $1.65 billion as of November 17. 📈