News reports and official statements

TON Network Experiences Significant 4-Hour Outage, Halts Block Production

Aug 28, 2024, 01:49 AM

The Telegram Open Network (TON) has experienced a significant disruption, with no new blocks being produced for over four hours. The average block time for the TON network is typically around five seconds, highlighting the severity of the issue. This outage has led to major cryptocurrency exchanges, including Binance and Bybit, suspending all deposits and withdrawals involving Toncoin due to the network's instability. Tonscan data indicates that the last block was generated at 06:11:46 UTC+8. This incident follows the recent arrest and indictment of the network's founder in France, adding to the uncertainty surrounding the network's operations.