Key Takeaways
- Stargate has been offline for over six hours due to a serious service disruption.
- Users are urged to halt cross-chain transfers until further notice.
Share this article
Stargate, a cross-chain bridge built on LayerZero, has been down for over six hours due to malfunctioning Decentralized Verifier Networks (DVN), which causes delays in transaction processing across multiple blockchains.
Blockchain security firm PeckShield first reported the outage early Friday and advised users to halt cross-chain transfers until further notice.
Web3 security company ExVul later noted that Stargate had been down for nearly 6 hours.
At the time of reporting, around 29,700 transactions are stalled within the system, according to data from LayerZero Scan.
The Stargate development team confirmed the incident was caused by an error in the DVN network’s executors.
This is a developing story.
Share this article
Crypto Briefing – Read More