According to PANews, the Zilliqa blockchain network reported a technical issue around 1:00 AM UTC+8, causing a halt in block production. Despite the disruption, the network assured that funds remain secure. During the resolution of this issue, Zilliqa strongly advised all partners to temporarily suspend any deposits or withdrawals on the network.
Later, at 5:53 AM UTC+8, Zilliqa provided an update stating that the team attempted a quick restart to minimize the time needed to restore the network. Unfortunately, this approach was unsuccessful, and a full reinitialization of the network is currently underway. The team promised to keep users informed of any progress. Preliminary investigations suggest that the issue is similar to a previous disruption. Zilliqa assured that this specific problem will not occur in the new network they plan to release in the near future. As of now, no further updates have been provided by Zilliqa's official channels.
