Terra Blockchain Restarted
Terra Luna’s validators decided to halt the blockchain to plan and implement some damage control. The halt took place last night around 10 PM EST and was restarted this morning around 7 AM EST. During the roughly 9 hour halt, many exchanges opted to delist the asset. At the time of the halt, LUNA was priced around $0.008 while UST was around $0.19.
The Terra blockchain has resumed block production.
— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) May 13, 2022
Validators have decided to disable on-chain swaps, and IBC channels are now closed.
Users are encouraged to bridge off-chain assets, such as bETH, to their native chains.
Note: Wormhole bridge is currently unavailable.
Validators have decided to disable on-chain swaps and IBC channels, encouraging users to bridge off-chain assets.
This halt and restart comes just hours after the network went through the same process just a few hours before, coming back online yesterday around 2 PM EST.
