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Sui Wallets Under Siege: Mysten Labs Sounds the Alarm on Token Spam Attack

A cautionary notice has been released by Mysten Labs regarding a scam currently targeting Sui Wallets The Web3.0 startup has stated that some Sui wallets have encountered unauthorized transactions, leading to the emergence of spam coins. Consequently, users are urged to be cautious when dealing with unfamiliar items in their wallets. 

A Twitter user shared a screenshot of a message notifying him of winning 1000 SUI and requesting to claim the token. Kingsamiami, a different Twitter user, expressed doubts that a SUI development team member might have participated in the security breach, which was not expected to happen. Mysten Labs is presently working on addressing any possible security weaknesses within the affected wallets.

The Sui Mainnet

Mysten Labs has recently unveiled the mainnet for Sui Network, a layer 1 blockchain solution that boasts unparalleled scalability. Along with its launch, Sui Network has also introduced its native token, which serves four key functions: staking, gas fee, and governance. The token has rapidly gained popularity and is now available on major cryptocurrency exchanges such as Binance, OKX, Bybit, Kucoin, and most recently, Upbit. The total supply of Sui tokens is set at 10 billion units.

The Sui group has pledged to introduce over 200 dApps on their platform, which will include NFTs, Decentralized Finance (DeFi), and gaming.  These advancements are projected to occur over an extended period. 

Sui Airdrop Speculations

In the month of April, there were speculations going around regarding the possibility of a Sui token airdrop. However, Adeniyi Abiodun, who is the co-founder and chief product officer of Mysten Labs, refuted these allegations.

Based on the response received, it has been confirmed that no Sui airdrop is currently active. The protocol has solely acknowledged the 20% allocation for those who made early donations, without any involvement of any public airdrop. Nevertheless, the Sui community is still optimistic that an airdrop could happen soon. Unfortunately, it seems that certain developers of fraudulent coins have capitalized on this and are currently circulating fake tokens into their wallets.