Sui Foundation denies manipulating token supply: SUI tokens, including staking rewards, were never liquidated

In response to reports that the director of the South Korean Financial Supervisory Service said that he would examine whether the Sui team is manipulating the token supply, the Sui Foundation denied these accusations on the X platform. The Sui Foundation stated that it has been and will continue to cooperate with DAXA and its member exchanges in a spirit of full compliance and transparency. The claim of “manipulation of the SUI token supply” is baseless and seriously untrue. Following the initial Community Access Program (CAP) distribution, the Foundation never sold any SUI tokens. The circulation supply schedule displayed on the Sui Foundation’s public website is accurate. In addition to this, the Sui Foundation has never liquidated any Sui tokens, including staking rewards. Every token transfer of the Sui Foundation is open and transparent and can be verified on the chain. The Sui Foundation will always remain transparent and publicly communicate the schedule for the circulation and supply of SUI tokens. The Foundation is combating disinformation and FUD through multiple channels. According to previous news, the director of the South Korean Financial Supervisory Service stated that Sui will be investigated to examine whether it has lied about its circulating quantity and whether it has violated sales regulations.