Aptos Restores Network Functionality After a Five-Hour Service Disruption

Crypto News– Layer 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.

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.