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Market News

Mysten Labs Claim Scammers Are Attacking Sui Wallets

Users are advised to exercise caution and remain vigilant when encountering unfamiliar objects or notifications within their wallets

Written By:
Mansi Sarvaiya

Last updated: May 16, 2023 1:43 PM
Published May 16, 2023 1:43 PM
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Last updated: May 16, 2023 1:43 PM
Published May 16, 2023 1:43 PM
Mysten Labs Claim Scammers Are Attacking Sui Wallets

A potential security breach has been identified by Mysten Labs in Sui wallets, raising concerns about unauthorized transactions and the introduction of spam coins. Users are advised to exercise caution and remain vigilant when encountering unfamiliar objects or notifications within their wallets. 

Instances have been reported where users receive suspicious messages, claiming they have won SUI tokens and need to claim them. However, the origins of these messages remain unclear, and users are urged to approach unexpected claims or offers with skepticism.

To protect themselves, users are advised to avoid clicking on suspicious links or sharing personal information in response to these messages. It is recommended to verify information directly with official sources or the Sui development team. 

Mysten Labs is actively investigating the security breach and working diligently to resolve the issue and safeguard the Sui wallet users. Users are encouraged to stay updated with official communications for further instructions and updates.

⚠️ Warning: we’re seeing scam + spam coins dropped into Sui Wallets.

🚨 Always exercise caution when interacting with unfamiliar objects in your wallets.

We’re working on further safety & security measures for our Sui Wallet users.

— MystenLabs.sui (@Mysten_Labs) May 15, 2023

Mysten Labs is committed to conducting a thorough investigation to determine the cause of the security breach and take appropriate measures to rectify the situation.

The recent mainnet launch of the highly scalable layer 1 blockchain, Sui Network, by Mysten Labs has introduced a native token with various utilities, including staking, gas fees, and governance. The total supply of the Sui token is recorded to be 10 billion. Following the mainnet launch, the Sui token has been listed on reputable cryptocurrency exchanges such as Binance, OKX, Bybit, Kucoin, and Upbit.

Scammers are taking advantage of the Sui community’s optimism regarding a possible airdrop and launching scam tokens into Sui wallets. Users must exercise caution and refrain from engaging with unfamiliar objects, suspicious messages, or unexpected claims.

Also Read: How To Buy SUI Tokens: A Beginner’s Guide

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Mansi Sarvaiya
Mansi, a skilled content writer with 2 years of strong experience, focuses on the latest in cryptocurrency, blending passion and insight to inform readers about current crypto trends.

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