Layer-two Base crashes for the initial time from mainnet
NewsBase, layer two of the Coinbase exchange, stopped processing transactions for extra than 45 minutes on Sept. five. Layer-two Base crashes for the initial time d...
Base, layer two of the Coinbase exchange, stopped processing transactions for extra than 45 minutes on Sept. five.
Layer-two Base crashes for the initial time due to the fact mainnet. Photo: decipher
Early in the morning of September six (Vietnam time), crypto customers identified that no new blocks had been confirmed on Base for just about an hour. From launch on mainnet in early Augustthis appears to be the initial technical flaw of this layer-two.
We had a delay in block manufacturing right now, partly due to the have to have to improve our inner infrastructure.
The issue has been recognized and resolved. No fund is at danger.
To remain up to date test back https://t.co/ipa94DPBLq
— Base 🛡️ (@BuildOnBase) September 5, 2023
Base updates facts on its channel X (formerly Twitter):
“We are determining the cause, block processing is stalled. Users may be having trouble submitting transactions. We will provide more information as soon as possible.”
In the upcoming announcement, the task claimed to have partially patched and fixed the concern, and that Base was making new blocks once again. However, the crew nevertheless observed a couple of other RPC-relevant vulnerabilities. The accident has not induced any materials injury to date.
Base updates the problem on the incident
Despite getting a “rookie”, Base is really a active tier two identify as of late. From swiftly growing the variety of customers, to reaching record TVL and every day transaction statistics, he is on the verge of surpassing his two “predecessors” Arbitrum and Optimism. In addition, thanks to the liquidity plan on Aerodrome, Base has come to be the 3rd biggest layer-two in the industry with a TVL of $408 million.
Statistics of layer-two answers for Ethereum with the biggest TVL. Source: DefiLlama (six September 2023)
However, fame and notoriety generally go hand in hand. Rugpull stories of BALD memecoins, Frenstech (FRENS), Magnate Finance “epidemic” scam token as effectively as the LeetSwap and RocketSwap exploit incident has relatively impacted the abilities of this nascent layer-two.
Coinlive compiled
Join the discussion on the HOTTEST troubles of the DeFi industry in the chat group Coinlive Chats Let’s join the admins of Coinlive!!!
More From Crypto News
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
Core Lightning Urges Upgrade to v26.06.10 for Security Fixes
Core Lightning has urged node operators to install v26.06.10, a maintenance release from the ElementsProject/lightning repository that addresses issues in two a...
XRP Ledger Fixes Bug That Could Have Created New Tokens
The XRP Ledger has patched a disclosed security bug that could have allowed accounts with approved token-burning permissions to also create new tokens, a flaw t...
Why Is Dash (DASH) Price Surging Today? Key Drivers
Dash (DASH) is trading at $49.55, up 10.16% in the past 24 hours as of November 5, 2026, placing it among the day’s top gainers in the broader altcoin market.
Binance Spot Share Falls to 42% After $6.3B Hack
Binance’s share of global spot trading has fallen to 42% in the wake of a reported $6.3 billion hack, with rival exchange OKX emerging as one of the clearest be...
Why Is Arbitrum (ARB) Price Surging Today? Key Drivers Explained
Arbitrum’s ARB token is trading at $0.159795, up 4.80% in the past 24 hours as of November 4, 2026, with spot volume reaching $0.11 billion on the day.
