ChainCatcher message, Sui officials posted on the X platform stating, "Between 1:15 and 3:45 PM Pacific Time on November 21, 2024, the Sui mainnet experienced downtime. All validators fell into a crash loop, preventing any transactions from being processed. The Sui network suffered its first network failure due to a bug in the congestion control code. This bug originated from a recent upgrade to the congestion control code, aimed at better utilizing shared objects. Sui contributors quickly deployed a fix and restored normal network activity within 2.5 hours."

ChainCatcher message, Sui officials stated on social media that the recent network outage was caused by an error in the transaction scheduling logic, which led to the validator crash. This issue has now been resolved.

ChainCatcher news, according to Suiscan data, the Sui network has resumed block production.In addition, the official Sui ecosystem wallet Suiet also confirmed on the X platform that the network has been restored.ChainCatcher previously reported that Sui posted on X stating that the Sui network is currently experiencing issues and is unable to process transactions. We have identified the problem and will release a fix soon. Thank you for your patience, and we will continue to provide updates.

ChainCatcher message, Sui posted on X that the Sui network is currently experiencing issues and is unable to process transactions. We have identified the problem and will release a fix soon. Thank you for your patience, and we will continue to provide updates.Suiscan data shows that the Sui blockchain has not produced a block for 2 hours.

ChainCatcher message, Suiscan data shows that the Sui blockchain is suspected to be down, with no blocks produced for 1 hour.

ChainCatcher news, according to official sources, the Sui ecosystem lending protocol Suilend has announced its tokenomics plan. The total supply of the SEND token is 100 million, distributed using an innovative Mdrop (mature airdrop) mechanism.The specific allocation plan is as follows: 65% for the community, which includes 20% for Suilend Mdrop, 5% for ecosystem Mdrop, and 15% for SAVE Mdrop; 15% for project incentives; 15% for team shares; 20% for investor shares; and 10% for treasury reserves.The project team stated that they will launch the AMM project Steamm, which is deeply integrated with Suilend, in the first quarter of 2025, further improving the DeFi ecosystem layout. Investor tokens will be released linearly over 2 years, while team tokens will adopt a 4-year linear release mechanism.

ChainCatcher news, First Digital Labs announced on the X platform that its native FDUSD stablecoin is now live on the Sui blockchain, enhancing the multi-chain compatibility of FDUSD. With the speed and efficiency of Sui, the native availability of FDUSD will drive the emergence of more innovative applications in the fields of payments and data transmission.

ChainCatcher message, according to the disclosures in the FTX lawsuit documents, Meerun is a complex and well-organized criminal who has defrauded FTX by manipulating tokens such as BTMX since 2021, resulting in losses exceeding $1 billion. His methods include manipulating token prices to increase collateral value, exploiting vulnerabilities in the FTX margin system to obtain funds, and evading monitoring through false KYC materials and multiple associated accounts.The FTX team attempted to freeze Meerun's account but failed to timely stop his withdrawals, resulting in his successful cashing out of $450 million. Additionally, Meerun is also suspected of manipulating other tokens such as MOB, BAO, and SXP, profiting significantly from the characteristics of insufficient market liquidity.The documents further indicate that Meerun has close ties to organized crime networks in Poland, Romania, and Ukraine, which are involved in human trafficking and terrorism financing.

ChainCatcher news, the on-chain trading terminal DEXX has released an update regarding the recent security incident: "DEXX has officially filed a lawsuit, and the SlowMist team is actively assisting law enforcement with the follow-up investigation. At the same time, DEXX is actively discussing a compensation plan. Regarding compensation, the platform makes the following solemn statement:If all assets can be recovered, DEXX will immediately provide full compensation to ensure that users' interests are not affected.If only part of the assets can be recovered, the platform will still fulfill its compensation responsibilities; the specific compensation plan will be determined based on the amount recovered. DEXX is currently mobilizing all resources and efforts to recover the stolen assets and resolve the issue as soon as possible."Previous news, according to SlowMist statistics, the DEXX incident has confirmed over 900 victims, with total losses estimated at 21 million USD.

ChainCatcher news, Sui ecosystem star project Amrus Studio ($E4C) completed a $150,000 USDT round of fundraising on DaoMaker within 30 minutes.The IDO is currently ongoing, and the USDT round has already exceeded 100% of the fundraising plan.

ChainCatcher news, according to Cointelegraph statistics, over 60 publicly listed companies have adopted a Bitcoin strategy, and thousands of private companies are following suit.

ChainCatcher news, according to DLNews, former NBA star Shaquille O'Neal has signed an $11 million settlement agreement regarding the Astral NFT and Galaxy token lawsuit, covering the plaintiffs' attorney fees as well as cash payments to NFT and token purchasers. The settlement agreement is currently pending approval from the judge.Previously, O'Neal was sued for promoting cryptocurrency, with a class action filed in federal court in Florida accusing O'Neal of promoting the unregistered Astral token in violation of securities laws.The lawsuit claims that O'Neal repeatedly promoted the Astrals NFT on his various social media accounts, but the value of the related tokens and NFTs subsequently experienced a "sharp decline."

ChainCatcher news, according to Bloomberg, the lawsuit against Musk for manipulating DOGE has ended due to investors withdrawing their appeals.

ChainCatcher news, according to BusinessInsider, Elon Musk has amended the lawsuit against OpenAI to include Microsoft as a defendant, claiming that their partnership is a "de facto merger," and accusing them of anti-competitive behavior. The lawsuit also names Microsoft board member and former OpenAI board member Reid Hoffman as a defendant.

ChainCatcher news, according to Coindesk, the crypto investment firm Sol Strategies (HODL), led by former Valkyrie Investment Company CEO and co-founder Leah Wald, has acquired four validator nodes for nearly $18 million in cash and stock.The Toronto-based company, formerly known as Cypherpunk Holdings, plans to acquire these validator nodes from Cogent Crypto. Cogent Crypto is a high-performance validator node operator operating within the Solana ecosystem. According to a statement released on Thursday, the total value of the investment is close to $18 million, divided into three phases: $1 million in cash and approximately $1 million in company stock will be paid upon completion of the transaction, with the remainder to be distributed in stock over three years, Sol Strategies stated.The company will acquire validator nodes for Solana (SOL), Sui (SUI), Monad (MONAD), and ARCH (ARCH) networks from Cogent Crypto, with most of the funds focused on SOL.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, 18 states in the U.S. have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "severe government overreach" through enforcement actions against the $3 trillion industry, infringing upon the states' authority to regulate their own economies.The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and encourage its growth.According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrencies. In a lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of exceeding its authority.Despite the SEC and its chairman previously taking actions and making public statements, the agency has launched a regulatory offensive against crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under SEC regulation.In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.

ChainCatcher news, Sui ecosystem domain service Sui Name Service has announced that the NS token airdrop is now open for claiming.