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TON Back Online After Second Outage
TON says its core developer team is looking into why the DOGS token continues to crash the chain.
Updated Aug 29, 2024, 3:22 a.m. Published Aug 29, 2024, 3:15 a.m.
- The TON blockchain is back online after a second outage.
- Toncoin is up roughly 8% on the news.
TON is once again back online after going to the DOGS a second time within 24 hours.
"TON network is fully operational! TON-based asset withdrawals and deposits in Wallet will be credited in due course," the TON Community Telegram channel posted just after 9:30 AM Thursday Hong Kong time.
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This outage lasted just over four hours. TON blamed the outage on a "heavy load attributed to DOGS token minting."
Wednesday's outage is the second such in barely two days. The network halted on Tuesday afternoon U.S. time, but restarted just after midnight. That outage was also blamed on DOGS first by observers and then confirmed by TON after the network crashed again.
Data from CoinDesk Indices shows that Toncoin, the native token of the TON protocol, is up approximately 8% on the news.
The token is still trading below what it was trading at prior to the arrest of Telegram CEO Pavel Durov.
While Telegram and TON are legally separate entities, the two are closely affiliated as one relies on the other.
On Wednesday local time, Durov was indicted in a French court on charges related to enabling illicit transactions and child exploitation on the platform, failing to cooperate with police and providing encryption services without controls, following his recent arrest near Paris, among other charges.
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