Sui Foundation onboards Blockaid to enhance ecosystem security

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The story "Sui Foundation onboards Blockaid to enhance ecosystem security" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 1d ago

Sui Foundation onboards Blockaid to enhance ecosystem security - Coin Telegraph

Quick Summary:

The Sui Foundation supports the growth of Sui, a layer-1 blockchain launched in May 2023 with the goal of creating a decentralized network that can manage a high volume of transactions with minimal delay.

Users on the Sui network had been recently targeted by malicious actors.On Jan.26, crypto sleuth ZachXBT reported an attack that led to a $29 million loss for a user on the Sui network, with the stolen funds mixed using Tornado Cash.

Blockaid, which in February announced a $50 million Series B funding, offers security tools in the Web3 space to clients like Stellar, Avalanche and Coinbase.