TON Network Experiences Block Generation Issue, Binance and  Bybit Suspend Withdrawals

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 28, 2024 8:23

Tonscan data shows that the Ton network has not generated any blocks for nearly 3 hours, and the latest block was generated at 06:11:46 UTC+8. This incident has caused great concern among Toncoin users and investors. In response to this situation, Binance has officially suspended all withdrawals via the TON network. Due to the network instability, Bybit has also suspended all deposits and withdrawals through the TON network. Notably, the TON blockchain crashed just days after Telegram’s CEO was arrested in France.