Sui Foundation onboards Blockaid to enhance ecosystem security

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Sui’s programming language, Move, is said to trim galore vulnerabilities seen successful different blockchain networks, but protocol-level attacks are inactive a possibility.

Sui Foundation onboards Blockaid to heighten ecosystem security

Blockaid has announced a concern with the Sui Foundation to heighten the Sui ecosystem’s security.

According to the announcement, Blockaid volition adhd extortion to Sui wallets and respond to astute declaration exploits, offchain threats and operational faults connected Sui.

The Sui Foundation supports the maturation of Sui, a layer-1 blockchain launched successful May 2023 with the extremity of creating a decentralized web that tin negociate a precocious measurement of transactions with minimal delay. According to a blog post, the full fig of accounts connected the blockchain reached 67.3 cardinal successful 2024. As of March 11, Sui had $1.1 cardinal successful full worth locked, down from $2 cardinal connected Jan. 6, according to DefiLlama.

Blockaid, which successful February announced a $50 cardinal Series B funding, offers information tools successful the Web3 abstraction to clients similar Stellar, Avalanche and Coinbase. In November 2024, Blockaid partnered with Backpack to prevent $26.6 cardinal successful imaginable losses from decentralized concern attacks connected Solana.

Users connected the Sui web had been precocious targeted by malicious actors. On Jan. 26, crypto sleuth ZachXBT reported an onslaught that led to a $29 cardinal nonaccomplishment for a idiosyncratic connected the Sui network, with the stolen funds mixed utilizing Tornado Cash. The researcher noted that existent limitations successful the Sui blockchain explorer and analytics tools made the theft hard to trace. In June 2023, Sui issued a $500,000 bounty to blockchain information steadfast CertiK for discovering different menace to the network.

Sui programming connection reduces threats but audits inactive needed — SlowMist

In a September 2024 station connected Medium, blockchain information steadfast SlowMist did a elaborate investigation of the Sui network, writing that determination is inactive a request for coding audits adjacent though Move, the Sui programming language, mitigates galore of the problems facing blockchains that usage different languages.

“Compared to different blockchain platforms, the Move connection excels astatine preventing communal astute declaration vulnerabilities, […] making Sui much robust and reliable from a method standpoint,” SlowMist wrote. “However, developers indispensable inactive wage attraction to concern logic security, peculiarly successful areas specified arsenic support management, entity benignant usage, and token consumption, to debar plus nonaccomplishment owed to coding errors oregon improper design.”

According to Sui, portion the Move plan tin forestall galore communal vulnerabilities seen successful different networks, it could inactive beryllium susceptible to protocol-level attacks, including “threats similar timestamp dependence, logic errors, insecure randomness, and state bounds vulnerabilities.”

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