An Altcoin Has Been Experiencing Serious Network Outages for the Past Two Days – They Have Issued an Official Statement

The Layer-1 blockchain network Sui experienced an outage for the second consecutive day due to technical problems on its mainnet.

A statement from Sui’s official X account indicated that network operations might be temporarily suspended due to network issues.

According to Sui Network Status data, the mainnet has been in a state of Major Outage for two days. The problem is said to stem from the consensus process on the mainnet, and blockchain explorer data shows that no new blocks have been generated on the network for over an hour.

In a statement regarding the developments, the Sui team reported that the main network had stopped accepting user transactions due to a technical issue that occurred during an epoch transition. The statement noted that validators were still functioning and system transactions were being generated, but user transactions were currently not being processed by the network.

The Sui core development team is investigating the source of the problem, and it has been stated that investigations are ongoing and new developments will be shared with the public as they occur. There is no official timeline yet for when the network outage will be completely resolved.

*This is not investment advice.