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Sui: Halt Was Deliberate Safety Design | Flash News Detail | Blockchain.News
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6/16/2026 5:00:00 PM

Sui: Halt Was Deliberate Safety Design

Sui: Halt Was Deliberate Safety Design

Sui at $0.79 after Kostas Chalkias confirmed Mysten Labs halt prevented losses by design with 50+ engineers in global war room.

Source

Analysis

Sui co-founder Kostas Chalkias confirmed the network halt was a deliberate safety feature that ensured zero funds lost, as detailed by @CryptoMichNL in his breakdown of the Mysten Labs war room response. Fifty-plus engineers across Europe and the US coordinated overnight to execute the stop rather than risk further issues, proving why decentralized recovery differs sharply from corporate switches and why the Facebook motto fails for money systems. Sui trades at $0.79 testing the EMA50 support level at $0.78 against EMA200 resistance at $0.87, while neutral RSI at 53.47 leaves room before overbought territory even as the MACD death cross signals short-term caution inside Bollinger bands bounded by $0.82 resistance and $0.74 support.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast

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