Sui Foundation Alerts Traders to SuiPro and SuiBank Scam Schemes
The Sui Foundation has issued an urgent security alert warning traders about fraudulent schemes masquerading under its name. Projects such as SuiPro, SuiBank, Galaxy101 and YY have been promoting themselves in offline events and on social platforms with claims of “official Sui Foundation support,” allegedly to entice users into illegal fundraising or investment activities. The foundation clarifies that none of these initiatives are authorized or affiliated with the Sui Foundation. Traders are advised to verify any Sui-related promotions through official channels only, remain vigilant against phishing attempts and report suspicious activity to law enforcement. This early alert aims to protect personal assets and maintain ecosystem integrity.
Neutral
The alert from the Sui Foundation represents a proactive security measure rather than a market-moving event. Similar warnings by other blockchain foundations have historically had little direct impact on token prices but serve to reinforce community trust and safeguard against fraud. In the short term, traders may exercise greater caution when engaging with new Sui ecosystem offers. Over the long term, consistent vigilance and official communication channels can strengthen ecosystem resilience and investor confidence, supporting stable network growth.