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.

323
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

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...