Monacoin block production stalls for hours, major exchanges suspend deposits and withdrawals

Digital Finance
โดย NADA NEWS·Read original
Summary · why it matters

Block production on the Monacoin network was stalled for an extended period, prompting bitFlyer, Coincheck, and Zaif to temporarily suspend MONA deposits, withdrawals, and transfers starting August 4. bitFlyer confirmed that no blocks had been generated since around 12:35 p.m. that day, while Coincheck also halted MONA deposits and transfers citing network inactivity, and Zaif suspended deposits and withdrawals at the same time. Monacoin is a proof-of-work cryptocurrency that normally produces blocks roughly every one minute and thirty seconds, but as of 8:30 p.m. on August 5, the latest block had been generated at 3:59 p.m. that day, meaning no new blocks had been produced for about four hours and thirty minutes. A subsequent block was generated at 8:36 p.m., but the interval was significantly longer than usual, and the cause and recovery outlook remain unclear.

Impact on stocks 1

Digital Finance & Tokenization▼ · 1 stocks

Off-coverage companies 2

bitFlyerPrivate▼ Negative
Regulationrelevance

bitFlyer suspended MONA deposits and withdrawals due to network inactivity.

ZaifPrivate▼ Negative
Regulationrelevance

Zaif suspended MONA deposits and withdrawals due to network stall.

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