in

LayerZero’s Stargate down for 6 hours due to DVN executors malfunction

Key Takeaways

  • Stargate has been offline for over six hours due to a serious service disruption.
  • LayerZero is actively working to resolve the problem.

Share this article

Stargate, a cross-chain bridge built on LayerZero, has been down for over six hours due to malfunctioning Decentralized Verifier Networks (DVN) executors, which causes delays in transaction processing across multiple blockchains.

Blockchain security firm PeckShield first reported the outage earlier today and advised users to halt cross-chain transfers until further notice.

Web3 security company ExVul later noted that Stargate had been down for nearly 6 hours.

At the time of reporting, around 29,700 transactions are stalled within the system, according to data from LayerZero Scan.

Source: LayerZero Scan

The Stargate development team confirmed the incident was caused by an error in the DVN network’s executors. LayerZero’s technical team is working to resolve the issue.

This is a developing story. We’ll update as we learn more.

Share this article

This article first appeared at Crypto Briefing

What do you think?

Written by Outside Source

Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto

Vivek Ramaswamy’s X account hacked to promote fake crypto partnership