Aptos (APT) encountered an challenge, crashing the blockchain for extra than four hrs

It looks that Aptos initial encountered complications when this blockchain recorded no new transactions considering that extra than four hrs in the past, leading to APT’s price tag to react somewhat.

Aptos (APT) had a issue, blocking the network for four hrs. Photo: Vecteezy

Updated at noon on October 19, 2023:

By midday on October 19, Aptos mentioned the challenge had been resolved and the blockchain was producing blocks generally once more. However, the undertaking did not announce the precise purpose for the accident.

Original posting:

Second Wu Blockchain, Aptos has been down for the final four+ hrs. A search from the block explorer AptoScan displays that the blockchain working with the Move language stopped building new blocks at 104621314. The most current recorded transaction occurred at 06:eleven on October 19 (Vietnam time).

The most current transaction was processed extra than four hrs in the past. Photo: AptoScan

At the exact same time, trades like Upbit Cute OKX it also just announced the short-term suspension of Aptos APT token deposits and withdrawals.

Faced with the predicament described over, the undertaking confirmed that the network has complications and is striving to fix them.

Notably, these days is the one particular-yr anniversary of the network’s core network rollout, and this seems to be the initial time the network has been “frozen” for an extended time period.

APT price tag moved somewhat immediately after the over information and is trading all over USD four.9, down extra than one% in the final 24 hrs.

15-month chart of the APT/USDT pair on Binance as of ten:thirty am on October 19, 2023

Aptos is a standard layer-one in the final yr, mainnet in October 2022 and is producing waves with the thousand dollar airdrop campaign. The undertaking efficiently raised $350 million by numerous capital calls.

Thanks to the integration with the Indian social network Chingari, the amount of new consumers on layer one improved substantially by 900% at the finish of July. Aptos has a complete worth locked (TVL) of all over $64 million, somewhat extra than its adversaries Sui , in accordance to information from DeFi Blade.

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