Ethereum

Arbitrum

Bitcoin

It was observed that no new blocks were produced in Arbitrum, the Ethereum second layer (L2) scaling solution, for approximately 1 hour. 
<img decoding="async" class="alignnone wp-image-129340 size-full" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/12/arb55.png" alt="" width="830" height="922"> 
While investors made statements about the collapse of Arbitrum, there was no statement from Arbitrum regarding the incident. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Ummm… is <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw">@arbitrum</a> working atm? <a href="https://t.co/aJpPFLFH81">pic.twitter.com/aJpPFLFH81</a> 
 — jaimin.jaimin (@Jaimin_Building) <a href="https://twitter.com/Jaimin_Building/status/1735686117083459597?ref_src=twsrc%5Etfw">December 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
As Bitcoin fell below $42,000, altcoins also retreated, while the decline in ARB reached 4%. 
Volatility may increase depending on the news flow in terms of ARB in the coming hours. 
<h2 id="update">Update</h2> 
A statement came from the Arbitrum team. 
<blockquote> 
 “The Arbitrum One Sorter stopped at 10:29 AM ET during a significant increase in network traffic. 
 “We are trying to resolve the issue as quickly as possible and will provide details of the incident as soon as possible.” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The Arbitrum One Sequencer stalled at 10:29 AM ET during a significant surge in network traffic. 
 We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible. 
 More details here: <a href="https://t.co/NBlzFuPFro">https://t.co/NBlzFuPFro</a> 
 — Arbitrum (<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;">,<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9e1.png" alt="🧡" class="wp-smiley" style="height: 1em; max-height: 1em;">) (@arbitrum) <a href="https://twitter.com/arbitrum/status/1735698255026049331?ref_src=twsrc%5Etfw">December 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
&nbsp; 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/did-arbitrum-arb-crash-the-network-has-not-been-processed-for-50-minutes/">Did Arbitrum (ARB) Crash? The network has not been processed for 50 minutes</a>

Did Arbitrum (ARB) Crash? The network has not been processed for 50 minutes

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