Partnered With:

South Korean regulatory agency will investigate Sui to determine if it is a scam.

According to a BlockBeats report on October 18th citing Coingraph, the chairman of the South Korean Financial Supervisory Service, Lee Bok-hyun, recently stated that an investigation will be conducted into Sui to determine whether it is a scam. The regulatory agency stated that "the sharp decline in the price of SUI tokens is mainly due to their false reporting of circulation, but they did not raise this issue. Since its listing, the token price has fallen by more than 67%. The issuer, Sui Foundation, obtained personal benefits by depositing frozen funds and then selling them to increase circulation."

Source

Correction/Report

RelatedRecommended

Born for Mass Adoption: How Sui Stands Out

What's so special about Sui's technology?

In-depth discussion of Sui's core technologies such as object-oriented data model, Sui Move programming language, network structure, and dynamic NFT standards, as well as its zkLogin that simplifies user experience and DeepBook that provides reliable transaction infrastructure.

$450 Million Funding Sui Treasury Launch, What's Behind This Company?

Stock Price Skyrockets 300% in Three Days: Introducing "Sui MicroStrategy"

A&T Capital: Why did we invest in Mysten Labs (Sui)?

Sui's research in scalability and consensus improvements enables it to support mass adoption.

The most interactive blockchain game on Sui - Sui 8192.

On-Chain Activity