The TON blockchain is back online after experiencing its second outage within 24 hours. The network went down again on Wednesday due to a "heavy load attributed to
DOGS token minting," causing disruptions that lasted just over four hours.
TON Network Resumes Operations
After the outage, the TON Community Telegram channel posted an update at 9:30 AM Hong Kong time, stating, "TON network is fully operational! TON-based asset withdrawals and deposits in Wallet will be credited in due course." This marked the end of the second disruption, which followed a previous outage on Tuesday afternoon U.S. time, also caused by the DOGS token.
Market Reaction and Ongoing Issues
Following the news of the network's restoration, Toncoin, the native token of the TON protocol, saw an approximate
8% increase in value. However, it is still trading below its levels prior to the arrest of Telegram CEO Pavel Durov. Despite the legal separation between Telegram and TON, the two entities remain closely affiliated, with TON relying on Telegram for its ecosystem.
Durov's Legal Troubles
On Wednesday, local time, Durov was indicted in a French court on charges related to enabling illicit transactions and child exploitation on the Telegram platform, failing to cooperate with law enforcement, and providing encryption services without controls. These charges follow his recent arrest near Paris, adding to the ongoing challenges faced by both Telegram and TON.
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