CDS Crypto News Aptos Restores Network Functionality After a Five-Hour Service Disruption
Crypto News

Aptos Restores Network Functionality After a Five-Hour Service Disruption

Layer 1 blockchain Aptos experienced a network malfunction earlier today, prompting some crypto exchanges to temporarily suspend deposits and withdrawals of APT.

315
Aptos Restores Network Functionality After a Five-Hour Service Disruption

Crypto NewsLayer 1 blockchain project Aptos has successfully restored its services following what initially appeared to be a network crash, triggering a temporary suspension of APT token deposits and withdrawals on several cryptocurrency exchanges.

Aptos Restores Network Functionality After a Five-Hour Service Disruption

In an upbeat social media update, Aptos announced, “Party on, Aptos. We’re back.” This came after the project acknowledged earlier in the day that they were actively addressing an issue affecting transactions on their network. “The issue has since been resolved, and the network is now operating normally,” assured Aptos.

Aptos Restores Network Functionality After a Five-Hour Service Disruption

According to data from the Aptos block explorer, on-chain transactions were disrupted for approximately five hours on October 19th. In response, several cryptocurrency exchanges, including Binance, OKX, and Upbit, temporarily suspended the deposit and withdrawal functions for Aptos tokens. A Binance spokesperson clarified that they had temporarily halted APT deposits and withdrawals, but swiftly resumed these features once the network was back online. Importantly, trading activities involving the tokens were unaffected on Binance.

Concurrently, OKX cautioned its users that while Aptos token trading on the OKX exchange remained uninterrupted, they should be mindful of the risks associated with spot, margin, and derivatives trading of these tokens.

Aptos Restores Network Functionality After a Five-Hour Service Disruption
Sources:theblock

Leave a comment

Leave a Reply

Related Articles

Vitalik Buterin Unveils “Info Finance” to Revolutionize Data Collection and Sharing

Discover Vitalik Buterin's new concept of 'Info Finance' and how blockchain can...

Ethereum vs Bitcoin: What’s Next for the Crypto Market After Record Price Breaks?

Ethereum has surged past the $3,000 mark for the first time since...

Ether Bull Run Accelerates After Positive News from Fed and Trump Election Win

Ether Bull Run Accelerates After Positive News from Fed and Trump Election...

Ethereum Price Nears $3K as BlackRock ETF Sees Record Inflows

BlackRock’s Ethereum ETF sees record $60M inflows as ETH hovers near $3K—market...