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SUI Foundation Issued a Document Responding to the Circulation Controversy and Refuting the Accusations of Regulatory Agencies

October 18th, the SUI Foundation responded to the questioning of the South Korean financial regulatory agency on its social media platform, emphasizing that it has always been committed to full cooperation with the Korean Digital Asset Exchange Association (DAXA) and its members to maintain complete compliance and transparency.

The Foundation made it clear that no sales of SUI tokens have been made since the distribution of the Community Access Program (CAP). The SUI Foundation also emphasized that the token circulation supply plan displayed on its public website and public API is accurate, and any transfer of tokens can be publicly viewed and verified on the blockchain. Previously, the regulatory agency accused SUI of falsely reporting the circulation of tokens, leading to a price drop of over 67%.

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