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$1.88M Wiped Out As Sui Blockchain Suffers Third Outage Before Recovery

Leveraged merchants betting on a value restoration obtained hit hardest when the Sui blockchain went down for the third time in beneath 48 hours. Data from CoinGlass exhibits that lengthy positions accounted for $1.72 million of the $1.88 million in SUI liquidations recorded through the newest disruption.

The Ripple Effect On Price

SUI fell to $0.9035 on Binance following the third stall, extending a slide that has now reached roughly 8% because the hassle started on May 28. The $1.00 help stage — one which held for a lot of 2024 — was damaged through the selloff, with the token down round 16% over the previous week.

The third outage hit throughout an epoch transition on May 29 at roughly 4:30 PM EDT. Validators have been up and producing system transactions, however consumer transactions stopped flowing fully.

The Sui staff later traced the failure to a latent bug in how a particular failure state is preserved throughout validator restarts, which prevented the community from finishing its transfer to the subsequent epoch.

Validators deployed a repair addressing each the bug and the affected epoch, and the community got here again on-line shortly after.

How Three Outages Unfolded

The issues began on May 28 when a crash bug within the gasoline charging logic — launched in model 1.72 of Sui’s software program — introduced the mainnet to a halt for roughly 5 hours and 55 minutes.

No new checkpoints have been recorded throughout that window. After greater than two-thirds of the validator stake upgraded to a patched model, the community got here again on-line on May 29 at round 8:32 PM UTC. No consumer funds have been misplaced.

Relief was transient. A second stall was reported hours later, round 12:19 PM UTC on May 29, with the standing web page flagging it as a significant outage.

The Sui staff acknowledged the interim repair had solely addressed a part of the issue, and the community hit a variation of the identical underlying concern. Service resumed at round 11:34 AM EDT earlier than the third and ultimate disruption arrived that very same afternoon.

Reports point out the basis trigger throughout all three outages connects again to modifications within the gasoline charging logic launched to help zero-fee stablecoin transfers on the community.

A Pattern Worth Watching

This is the third important disruption Sui has confronted in 2026 alone. A six-hour consensus divergence occasion struck in January, and a congestion-related outage hit in November 2024. The Sui staff has mentioned an in depth incident overview is coming.

Featured picture from Driver Easy, chart from TradingView

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