The Aptos blockchain, known for implementing the Move language, has been experiencing a major disruption, causing on-chain transactions to come to a halt for more than four hours. This unexpected event has led to the suspension of deposits and token withdrawals by major exchanges like Upbit and OKX.
According to AptoScan’s block explorer, the disruption occurred at block 104621314, with the last transaction recorded on October 19, 2023, at 7:11 UTC+8. The Aptos Network took to Twitter to address the situation, humorously stating, “Your energy for Aptos One was so electric, you cut the lights!” While the team acknowledged the issue and assured users that they are diligently working to resolve it, the statement left many questions unanswered.
The cause of the network downtime is still unclear, and there is no official announcement regarding when the network will be restored. Aptos users are advised to avoid transactions until stability is confirmed by the network.
Major exchanges have quickly responded to the situation. Upbit suspended Aptos (APT) deposit and withdrawal services, citing “network maintenance” as the reason. They informed users that deposits would resume once the maintenance was completed but warned about potential delays due to network congestion. Similarly, OKX issued an announcement stating that due to the network disruption, deposits and withdrawals of APT tokens have been temporarily suspended. Interestingly, trading of APT tokens on OKX will continue during this period.
For those holding Aptos on Upbit, delays in processing deposits and withdrawals can be expected once the network is restored. The suspension of transactions on major exchanges and the downtime of the network raises concerns about the robustness and reliability of the Aptos blockchain. However, the Aptos Network assures users that they are working diligently to resolve the issue, and updates on the situation are eagerly awaited.
In conclusion, the Aptos blockchain’s unexpected downtime has caused a disruption in on-chain transactions, leading to the suspension of services by major exchanges. Users are advised to wait for an official announcement declaring the network stable before engaging in any transactions. The incident raises concerns about the reliability of the network, but the development team assures users that they are actively working to resolve the issue.
