Did This Altcoin Also Crash After Arbitrum (ARB)? The Team Warned Investors: “Suspend Your Deposits and Withdrawals!”

Smart contract platform Zilliqa said in its post on the X account that there was a technical problem in the network.

At this point, the team stated that there was a technical problem preventing block production in the Zilliqa network and said:

“We are writing to inform you about a critical situation currently affecting the Zilliqa blockchain network.

The network is currently experiencing a technical issue that is causing production to be blocked. This unexpected issue is our top priority and our technical team is working to identify and resolve the issue.

We strongly advise all our partners to temporarily halt all deposits and withdrawals on the network while we work to resolve the issue.

We understand the inconvenience this may cause and thank you for your patience and support as we work through this challenge.

Thank you for your prompt attention to this matter and your continued support of the Zilliqa network.

Note:Funds are SAFU.”

Dear community, We are writing to inform you of a critical situation currently impacting the Zilliqa blockchain network.

The network is presently experiencing a technical issue that has resulted in an interruption to block production. This unexpected challenge is our top…

— Zilliqa (@zilliqa) December 18, 2023

It was observed that the ZIL price did not experience a significant decrease after this announcement.

*This is not investment advice.