Sui Network Reimburses 1,376 SUI Tokens to Users Who Missed Out on Staking Rewards Due to a Bug

The bug affected certain token holders who unstaked their assets between epochs 560 and 563.

Blockchain protocol Sui Network has fully reimbursed 1,376 SUI tokens to users who missed out on staking rewards due to a recently discovered bug. The bug affected certain token holders who unstaked their assets between epochs 560 and 563.

After identifying the bug on October 24, the Sui team implemented a fix in epoch 564. Once the fix went live, the protocol identified 1,273 wallets that had unstaked their assets during the specified period and missed out on a total of 1,376 SUI in rewards.

Notifying those affected through an X post (formerly Twitter), Sui stated that it reimbursed the affected wallets with 1,376 SUI (valued at $4,747.2 based on the token’s price of $3.46 at the time, down 5% in seven days).

A few weeks ago, we found a bug that affected staking rewards for certain token holders who unstaked between epochs 560 and 563. Once the fix was in place, we determined 1,273 wallets unstaked during those epochs and missed out on a total of 1,376 SUI in rewards. While the… https://t.co/o6csWxvNIC

The impact of the bug was minimal, but the protocol “wanted to make things right,” Sui noted. The network’s native token, SUI, has performed well compared to most digital assets recently, increasing 466.42% since November 2023 and reaching a market cap of $9.86 billion, according to CoinMarketCap data.

Sui Network TVL and Price Analysis

The total value locked (TVL) in the Sui ecosystem increased from $159 million on November 28th, 2023 to $1.62 billion on November 19th, as per data from DefiLlama. At the time of publication, the TVL of Sui Network is $1.4 billion with a stablecoin volume of $330 million.

Meanwhile, SUI token’s price analysis using Accumulation/Distribution shows that the token’s accumulation is still rising, with the gradient of the line indicating increased investor interest.

The Relative Strength Index is above 60, indicating that buyers are still dominant in the space, with the gradient of the line suggesting a slight decrease in momentum in the short term. With a 17.39% drop in trading in the past 24 hours, traders can expect the sluggish trend to continue for a while.

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