In a significant development within the blockchain space, TAC, an EVM sidechain built on the Cosmos network and linked to the TON ecosystem, has suspended its block production due to a supply-related exploit. According to the results published in the material, this decision, made on August 22, aims to address and mitigate the ongoing issue.
Investigation into TAC Sidechain Exploit
The TAC team has taken this operational measure seriously, prioritizing a thorough investigation to understand the exploit's implications. As a result of this halt, all transfers, applications, and liquidity on the TAC sidechain are currently affected, leading to a potential decline in user confidence until normal operations can resume.
Impact on the Main TON Blockchain
It is crucial to highlight that this incident is isolated to the TAC sidechain and does not impact the main TON blockchain. Users and stakeholders are encouraged to stay informed as the TAC team works diligently to resolve the situation and restore functionality.
In light of recent developments with the TAC sidechain, it's important to note that Bitcoin World has previously announced maintenance on its Overseas Economic News tab. For more details, you can read the full announcement here.
