$1.88M Wiped Out As Sui Blockchain Suffers Third Outage Earlier than Restoration

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

The Ripple Impact On Value

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 Might 28. The $1.00 help degree — one which held for a lot of 2024 — was damaged in the course of the selloff, with the token down round 16% over the previous week.

Picture: Protos

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

Sui mainnet stopped accepting person transactions on account of a problem in the course of the epoch change starting at ~1:30PT. Validators are up and creating system transactions, however person transactions will not be at present being accepted. The Sui Core Workforce is investigating, and updates will likely be shared…

— Sui (@SuiNetwork) Might 29, 2026

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

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

Is that this for actual $SUI ?

After 2 main Outages and virtually 10 hours of downtime, SUI confronted a Partial Outage. That is the third Outage in 2 days… https://t.co/pmMCYX7nnc pic.twitter.com/GLsCqnfrBq

— Fabio (@Zero2HeroZombie) Might 29, 2026

How Three Outages Unfolded

The issues began on Might 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.

Sui mainnet is again on-line and transactions are flowing usually.

The tip of epoch halt was triggered in the course of the rollout of yesterday’s long-term repair. As validators restarted to deploy the brand new binary, the randomness initialization that runs at the beginning of every epoch was unable…

— Sui (@SuiNetwork) Might 30, 2026

No new checkpoints had 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 Might 29 at round 8:32 PM UTC. No person funds had been misplaced.

Aid was temporary. A second stall was reported hours later, round 12:19 PM UTC on Might 29, with the standing web page flagging it as a serious outage.

SUI market cap at $3.6 billion. Supply: TradingView

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 subject. Service resumed at round 11:34 AM EDT earlier than the third and ultimate disruption arrived that very same afternoon.

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

A Sample Price Watching

That is the third vital 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 stated an in depth incident evaluate is coming.

Featured picture from Driver Straightforward, chart from TradingView

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