The main network of the infamous ZkSync protocol has stopped working and has not produced blocks for over 3 hours.
The developers confirmed the technical glitch on December 25 and stated that they were working to restore functionality. The project team promised that they would notify the community as soon as more information about the problem became available. The reasons for the network outage are still unknown.
zkSync Era is currently experiencing network issues.
Teams are actively addressing the situation and aiming to resolve it as quickly as possible.
We will share a post-mortem report once the issue has been fully addressed and analyzed.
For updates:…
— zkSync Developers (∎, ∆) (@zkSyncDevs) December 25, 2023
Source: Uptime
Notably, ChainLight, a blockchain security audit firm, discovered a vulnerability in the zkSync Era protocol last month that could lead to a potential loss of $1.9 billion if exploited.
Nevertheless, zkSync Era had many layers of security. This would make it difficult for anyone to actually use the exploit unless they are part of Matter Labs, the infrastructure team behind zkSync Era.
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Last week, the developers of the Zilliqa blockchain platform reported a critical situation in the blockchain, which led to a halt in block production. They assured that users’ assets are safe, but asked to temporarily cancel deposits and withdrawals.
Later that day, the project team reported that they had identified an issue that would take several hours to resolve. As a result, they managed to restore the functionality of the network, which had not processed any blocks for more than half a day.
Read more: Fulcrom Finance Expands to zkSync Era, Reveals $100,000 Reward Pool
