Mysten Labs has issued a warning to Sui wallets users about a scam involving unauthorized transactions in some Sui wallets. The transactions involve spam coins being dropped without permission. The Web3.0 focused startup is trying to fix any potential security breach in the wallets and has asked individuals to take caution when interacting with unfamiliar objects.

The Sui Network, a layer 1 blockchain created by Mysten Labs, launched its mainnet about two weeks ago, which debuted a native token. This token is used for staking, gas fee and governance, and it was listed on popular cryptocurrency exchanges such as Binance, OKX, Bybit, Kucoin and Upbit. There are approximately 10 billion Sui tokens in the total supply.

Rumors of an airdrop of the Sui token circulated in April, and Adeniyi Abiodun - co-founder and chief product officer of Mysten Labs - discredited the hearsay. There is no airdrop currently planned and the token allocation of 20% for early donors was not meant to suggest a public airdrop.

Nonetheless, it seems that scam coin developers have taken advantage of the false rumor and have started to send out fake tokens to unsuspecting Sui wallets users. Mysten Labs cautioned that they are trying to find the source of the scam and stopped short of advising the general public on how to handle the situation. Individuals should be wary and observe precautionary measures when transacting with these wallets.



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