The TON blockchain is back online after a six-hour outage caused by a surge in network traffic, which led to a halt in block production.
Outage Causes
The outage occurred at around 10:11 pm UTC on Tuesday due to a surge in network traffic. The increase in transactions was caused by an airdrop of the new TON-based memecoin $DOGS.
Issue Resolution
The TON Foundation assured users that all crypto transactions will be processed and no assets will be lost during the disruption. After officially reporting the disruption, validators were restarted, and block production was restored.
Market Impact
The $DOGS airdrop caused a temporary suspension of central services and halted transactions on exchanges like Binance, Bybit, and OKX. The memecoin became available for public trading over the last 36 hours but has seen a significant price drop.
The TON network has successfully restored block production after a six-hour outage. Continuous monitoring of the network is underway to identify potential issues.
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