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29/08/24
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TON Outage Sparks Criticism Amid Surge in DOGS Minting
The Open Network (TON) faced yet another outage on August 28, primarily driven by a surge of users minting Dogs (DOGS) tokens on the platform. The system disruption was first noted around 19:19 UTC, and according to network monitoring tools, the last block of transactions occurred roughly four hours prior to this observation.
Network representatives have assured users that their funds remain secure while the technical team works diligently to restore normal network operations. This incident echoes a similar outage on August 27, where the DOGS memecoin again played a key role in halting block production for an extended period. During this downtime, centralized exchanges reacted by limiting TON deposit and withdrawal activities as the block production ground to a halt at workchain block 45,341,899.
Fortunately, block production was resumed in the early hours of August 28, after network validators were given guidance to restart operations around 4:00 UTC. However, the outages have drawn significant criticism from developers within the community, who have pointed to a troubling inconsistency in communication from the network’s official channels. This lack of dialogue has left users in a challenging position, unable to access their funds during the interruptions.
The timing of these disruptions was particularly unfortunate, as they coincided with the arrest of Telegram founder Pavel Durov by French law enforcement. This event triggered a sharp decline in the price of Toncoin, which fell to approximately $5 on August 26. Although there was a brief recovery, with the price rebounding to about $6.11 on August 28 due to misreported news regarding Durov’s release, subsequent clarifications and his indictment led to renewed selling pressure, pushing Toncoin below its 200-day exponential moving average. As the market continues to navigate these challenges, the community remains watchful for updates that might indicate a path forward.
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