- The SUI Foundation cooperates with Blockaid to increase security. The aim is to protect wallets and prevent smartcontract exploits, offchain threats and operating errors.
- The recent security checks showed weaknesses and prompted the Sui Foundation to work with blockaid in order to make the blockchain system more resistant.
The Sui Foundation has an official Partnership with blockaid announced to improve the security system of your ecosystem. This is not just a regular project, but also a concrete attempt to protect the wallets of users from dangers such as the use of smart contracts, off-chain attacks and operational mistakes with great influence on the network.
JUST IN: BLOCKAID PARTNERS WITH SUI FOUNDATION TO STRENGTHEN SUI ECOSYSTEM SECURITY
— BSCN Headlines (@BSCNheadlines) March 13, 2025
More investor protection in the SUI system
Safety concerns are not new for everyone who works in the blockchain area. However, Sui seems to take a different way. This alliance with blockaid is intended to be a protective shield for users and thus close the gaps that often take advantage of the irresponsible parties.
The latest incident that has happened to a SUI user is proof of the actual threat. After an attack, a user lost digital assets worth $ 29 million in January; Tornado Cash used the thieves. In view of the limits of the current analysis methods, it is still difficult to understand such theft, which is why this incident is rather alarming.
Occasionally between expansion and security needs
It is generally known that the SUI Foundation actively further develops its system. In the past few months there have been 67.3 million accounts in the network. However, the difficulties increase with the size of the network. In view of the changing market conditions, SUI, which had a total value of $ 2 billion at the beginning of the year, has now shrunk to $ 1.1 billion.
Although Move’s programming language used in this blockchain is praised as a safer than earlier systems, in practice dangers can still occur at the protocol level. Sui’s decision to work with Blockaid shows that the security is not about platitudes.
Bridging between defi, gambling and institutional investments
On the other hand, the SUI ecosystem is expanding under various strategic cooperation. One of the most fascinating developments is like we already reported have that Canary Capital registered a SUI-based ETF in Delaware. This could be an important turning point for the distribution of institutional investments in cryptocurrencies outside of Bitcoin and Ethereum.
Of course, the path is still a long time, because apart from the two big names, the regulation by the SEC is still a major obstacle for ETFs on digital assets.
In addition, World Liberty Financial (WLFI), a Defi project that is funded directly by US President Donald Trump, is officially working with SUI. Wlfi takes SUI assets in its token reserves strategy-the so-called macro strategy-as part of this cooperation.
The blockchain-based gaming sector also receives attention. M10, a web3 game company that focuses on competitive multiplayer games, has just received start-up financing of $ 3 million under the direction of the SUI Foundation.
Your first game will be developed with the money, which will also help maximize a more player-friendly free-to-play model (F2P). The modern game community is more demanding, which is why blockchain technology is to be used to create commercial possibilities in games.
At the time of the editorial deadline, the course of SUI was around $ 2.24, corrected by 1.04 % in the last 24 hours and fell by 16.14 % in the last 7 days.
