Read

<div class="cryptonews"> 
 <p class="is-style-lead">As per multiple reports, the TON ecosystem has been struggling to process transactions for a few days now.</p> 
 <p>The TON (TON) ecosystem is seemingly experiencing severe <a rel="dofollow" title="outages" href="https://thebittimes.com/tag/outages.html">outages</a> as the <a rel="dofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a>’s users and projects took to X to express their concerns about the <a rel="dofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a>’s malfunction. While the root cause of the issue remains unclear, some say the volume and transactions on the <a rel="dofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> jumped significantly recently, which might have resulted in multiple <a rel="dofollow" title="outages" href="https://thebittimes.com/tag/outages.html">outages</a>.</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> TON hits world record for blockchain speed 
 </div> 
 <p>Crypto.news couldn’t immediately verify those <a rel="dofollow" title="reports" href="https://thebittimes.com/tag/reports.html">reports</a>. An X account for the TonRaffles crypto project confirmed the incident, without elaborating on the matter.</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"> Don't panic!<br><br> The TON <a rel="dofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> has been experiencing significant <a rel="dofollow" title="outages" href="https://thebittimes.com/tag/outages.html">outages</a> since last night, and unfortunately our fairlaunch token $RAFF has also been affected by these issues.<br><br> Our team is actively monitoring the situation, however, we have no direct influence on fixing… pic.twitter.com/T49iPTdWwT</p>— TonRaffles (@TonRaffles) December 6, 2023
   </blockquote> 
  </div>
 </figure> 
 <p>As of press time, TON made no public statements on the matter. Amid the news, the TON token plunged by nearly 5% down to $2.26, according to data from CoinGecko. According to TON Wallet’s statement on Telegram, withdrawals in TON are temporarily unavailable due to “abnormal load on the TON network.” The project noted that withdrawals of USDT and BTC work “without limitations.”</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> Open Network announces initiation of TON bootcamp 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ton-plunges-5-amid-reports-of-network-outages-tbt72905.html">https://thebittimes.com/ton-plunges-5-amid-reports-of-network-outages-tbt72905.html</a></p>

TON plunges 5% amid reports of network outages

TheBitTimes

Other articles published on Dec 7, 2023

AI Predictions for 2024: Transforming Industries and Challenging Norms

Terraform Labs’ Do Kwon Reportedly To Be Extradited to the U.S

Bitcoin's Exponential Network Growth Explored by Fidelity Exec

The Future of Business in EXGOLAND: Revolutionizing B2B Interactions in the Metaverse

Litecoin Sees Biggest 2023 Drop as 199K Wallets Dump LTC in 10 Days

Bitcoin developer deems inscription a technical exploit

Join our free newsletter for daily crypto updates!