Wednesday, 11 December 2024
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TON blockchain experiences another network outage

Toncoin’s TON Foundation kicks off the Open League; Shiba Inu poised to skyrocket this bull run; InQubeta raises $12.3M in presale funding

  • TON blockchain has hit another network downtime, less than 24 hours after an extended halt.
  • According to TON, congestion related to DOGS airdrop is the main reason.

The Open Network (TON) blockchain has experienced another halt in block production. Reports of the outage come less than 24 hours after TON returned online following more than six hours of downtime.

On Wednesday, the TON blockchain announced the network overload had resolved and that the Telegram-linked blockchain was “back online.” However, the network stopped processing transactions, with the platform providing an update to this effect.

“Block production on TON experiencing disruption beginning 19:19 UTC,” TON wrote on X. “Appears to be due to heavy load attributed to DOGS token minting. TON Core is working on a solution.”

According to the update, user assets were “not at risk”.

TON network outage amid Telegram CEO’s arrest

TON also attributed Tuesday’s downtime to the congestion that hit the network following the DOGS airdrop. Various top exchanges supported the airdrop, with Binance and Bybit among those to delay distribution amid TON network issues.

A spike in activity also happened as Telegram CEO Pavel Durov faced several charges related to the messaging app. Durov was arrested in France late Saturday and remained in police custody for 96 hours. Police released him from custody and took him to court for his case’s mention on August 28.

The events around TON network outages and Durov’s arrest have seen the Toncoin (TON) token plummet.

After a brief recovery to above $5.75, the TON token is back below $5.50. Despite paring some of the losses seen since Saturday, Toncoin price remains 18% down in the past week.

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