Aptos

Base

Read

Meta

<div class="cryptonews">
 <p class="is-style-lead">Aptos Network, a layer-1 blockchain, has resumed normal operations following a five<a rel="noopener noreferrer nofollow" title="-hour" href="https://thebittimes.com/tag/hour.html">-hour</a> disruption that affected <a rel="noopener noreferrer nofollow" title="transactions" href="https://thebittimes.com/tag/transactions.html">transactions</a> across its platform.</p>
 <p>As per the AptoScan network tracker, the Move language-based blockchain experienced a halt in on-chain transactions at 11:11 pm UTC on Oct. 18, freezing at block 104621314.</p>
 <figure class="wp-block-image size-full is-resized"><picture decoding="async" class="wp-image-14206164" style="width: 100%;height:762px">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/10/19/9098c3a29ce3407427c1f38b870a961a.webp.webp">
   <img decoding="async" src="https://cdn.thebittimes.com/images/2023/10/19/9098c3a29ce3407427c1f38b870a961a.webp" alt="Aptos resumes after 5-hour outage affecting transactions - 1" width="1021" height="762"> 
  </picture>
  <figcaption class="wp-element-caption">
   Screenshot showing Aptos Network <a rel="noopener noreferrer nofollow" title="outage" href="https://thebittimes.com/tag/outage.html">outage</a> | Source: AptoScan
  </figcaption>
 </figure>
 <p>Aptos seemingly confirmed the <a rel="noopener noreferrer nofollow" title="outage" href="https://thebittimes.com/tag/outage.html">outage</a> with a post on X (formerly Twitter), stating:</p>
 <blockquote class="wp-block-quote">
  <p>“Your energy for Aptos One was so electric, you cut the lights!”</p>
 </blockquote>
 <p>The team also noted that they were “working diligently” to address the issue, which had a ripple effect on crypto exchanges Upbit and OKX.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Coinbase’s Base faced its first significant outage
 </div>
 <p>Both exchanges issued maintenance alerts and temporarily suspended deposits and withdrawals for Aptos.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Your energy for Aptos One was so electric, you cut the lights!<br><br>What that means at the moment is that <a rel="noopener noreferrer nofollow" title="transactions" href="https://thebittimes.com/tag/transactions.html">transactions</a> on the network have been impacted. We are working diligently to resolve the issue and will keep you updated upon completion.</p>— Aptos (@Aptos_Network) October 19, 2023
   </blockquote>
  </div>
 </figure>
 <p>Interestingly, the outage came just as Aptos Labs celebrated its first anniversary. The venture capital-backed project, developed by former Meta employees who had worked on Facebook’s Diem blockchain, marked the occasion by launching a community drawing platform called Graffio.art.</p>
 <p>According to Mohammad Sheikh, co-founder and CEO of Aptos Labs, approximately 4,000 users actively participated on the platform before the network went down.</p>
 <p>Data from CoinMarketCap indicates that the value of APTOS, the blockchain’s native token, dipped by 2.2% following the <a rel="noopener noreferrer nofollow" title="outage" href="https://thebittimes.com/tag/outage.html">outage</a> but quickly rebounded to around $5.</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14206166">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/10/19/9da475afa71f549f6a76e930fc83878a.webp.webp">
   <img decoding="async" width="898" height="495" src="https://cdn.thebittimes.com/images/2023/10/19/9da475afa71f549f6a76e930fc83878a.webp" alt="Aptos resumes after 5-hour outage affecting transactions - 2"> 
  </picture>
  <figcaption class="wp-element-caption">
   APTOS 24 hr price chart | Source: CoinMarketCap
  </figcaption>
 </figure>
 <p>Despite this recovery, the token’s value is still 35.8% lower than last year’s initial offering.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Aptos, Microsoft partner to fuse AI with blockchain
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/aptos-resumes-after-5-hour-outage-affecting-transactions-tbt66974.html">https://thebittimes.com/aptos-resumes-after-5-hour-outage-affecting-transactions-tbt66974.html</a></p>

Aptos resumes after 5-hour outage affecting transactions

TheBitTimes

Other articles published on Oct 19, 2023

Reddit To Phase Out Ethereum-Based Incentives System, Citing Scaling and Regulatory Challenges: R...

SAAS NORTH Returns to Ottawa November 15-16, 2023

Will Bitcoin’s Rises Continue? Analyst Pointed Out Critical Price Levels

Donaswap: A Decentralized Dex Soars Beyond Doubt, Now Multichained and Welcomes Dogechain

The story of Jimmy Zhong: new details in Silk Road’s stolen BTC mystery unveiled

Binance Blockchain Week Announces Impressive Speaker Lineup for November Conference in Istanbul

Join our free newsletter for daily crypto updates!