Aptos Blockchain Experiences Extended Downtime
In a surprising turn of events, the Aptos blockchain, which is known for implementing the Move language, has been down for over four hours. According to AptoScan’s block explorer, on-chain transactions have completely stopped at block 104621314. The last transaction was recorded at 7:11 UTC+8 on October 19, 2023. This disruption has led major exchanges like Upbit and OKX to suspend deposits and withdrawals of the Aptos (APT) token.
Aptos Network Addresses the Situation
Aptos Network took to Twitter to address the situation, using humor by stating, “Your energy for Aptos One was so electric, you cut the lights!” However, the tweet confirmed that transactions on the network had indeed been impacted. The team assured users that they are working diligently to resolve the issue.
While the development team is aware of the issue, it remains unclear what caused the network to go down and when it will be restored. Aptos users are advised to avoid transactions until an official announcement declares the network stable.
Upbit & OKX Exchange Reacts
Upbit, a well-known digital asset exchange, quickly responded to the situation by suspending Aptos (APT) deposit and withdrawal services due to “network maintenance.” The exchange informed users that deposits would resume once maintenance was completed but warned about potential delays due to network congestion.
Similarly, OKX also issued an announcement regarding the Aptos network going offline. Deposits and withdrawals of APT tokens have been temporarily suspended following the unexpected network disruption. Notably, trading of APT tokens will not be affected during this period.
Why Should You Care?
If you hold Aptos on Upbit, your assets are currently in limbo. Deposits and withdrawals will be processed sequentially once the network is restored, so delays should be expected. The suspension of transactions on major exchanges and the network’s downtime raise concerns about its robustness and reliability. However, the Aptos Network assures users that they are diligently working to resolve the issue, and updates are eagerly awaited.
Hot Take: Aptos Blockchain Experiences Extended Downtime
The Aptos blockchain has experienced an unexpected and significant period of downtime, disrupting on-chain transactions and leading to the suspension of deposits and withdrawals by major exchanges like Upbit and OKX. The Aptos Network has acknowledged the issue but has yet to provide a clear explanation for the downtime or an estimated timeline for restoration. This situation raises questions about the stability and reliability of the network, leaving Aptos users uncertain about the safety of their assets. As the development team works to resolve the issue, users are advised to avoid transactions until an official announcement declares the network stable.
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