September 27, 2022

Polygon network resumed operation after an eight-hour shutdown


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The Polygon platform was suspended for about eight hours after an unsuccessful upgrade.

According to the developers, a temporary hotfix has been released to fix the problem. The network has resumed operation, user funds are safe.

Polygon co-founder Mihailo Bjelic explained that the problem arose with a “small update” of the Bor layer. This, in turn, caused the Heimdall level to crash and stop issuing blocks for several hours on the night of March 10/11.

Polygon is one of the largest blockchain ecosystems. More than 7,000 decentralized applications have been created on the basis of the platform.

The total value of funds involved in the Polygon DeFi ecosystem is $3.6 billion.

Recall that in October the Polygon team paid a white hat hacker $2 million for a discovered vulnerability that threatened to lose $850 million.

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