Sui Foundation: Public wallet address is not in line with the values of Web3 technology

At a press conference held by the Sui Foundation in the Gangnam district of Seoul on the 17th, Greg Ciurunis, executive director of the Sui Foundation, pointed out that the combination of blockchain and artificial intelligence is a hot topic for the organization this year. Siurunis also reiterated the importance of the Korean market. The Sui Foundation is preparing to cooperate with Korean universities to carry out blockchain education. Regarding the circulation controversy, he reiterated that all relevant data is open and transparent.

Previously, when the circulation controversy occurred, the Sui Foundation stated that "we will consider disclosing the wallet address of the Sui Foundation". However, when asked if there had been any progress in this regard, he replied, "Disclosing wallet addresses does not conform to the values of Web3 technology." He explained that in the blockchain, which emphasizes anonymity and personal privacy, disclosing wallet addresses is difficult. He added that from a security perspective, disclosing wallet addresses is also risky. Anyone can guess the wallet address of the foundation and check related activities based on on-chain data.