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Canto Blockchain Suffers Two-Day Outage Amid Consensus Issue

The Canto team said a fix will be deployed on Monday at 12:00 UTC.

Ni Oliver Knight|Edited by Sheldon Reback
Na-update Ago 12, 2024, 7:37 a.m. Nailathala Ago 12, 2024, 7:35 a.m. Isinalin ng AI
(Kelly-Sikkema via Unsplash)
(Kelly-Sikkema via Unsplash)
  • The blockchain hasn't processed a transaction since Saturday, Aug. 10.
  • An announcement on X said a fix will be deployed on Monday, Aug. 12 at 12:00 UTC.
  • The blockchain's native token dropped by 21% before recovering over the course of the weekend.

Layer-1 blockchain Canto has been offline since Saturday following a "consensus issue." The CANTO token initially dropped by 21%, before recovering over the course of the weekend.

Data from Etherscan shows that three transactions were processed on Aug. 10 and no activity has taken place since then.

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"Canto chain is currently experiencing an issue with consensus that has caused the chain to halt," Canto said in an announcement on X. "An upgrade to address this issue will be carried out on Monday, August 12 UTC 12:00. All funds are safe. Once the chain resumes, users will be able to access all activities as usual."

Canto experienced a period of explosive growth after going live in August last year, and total value locked (TVL) surged to more than $200 million in March as investors flocked to a series of DeFi services like lending, staking and liquidity provision.

On-chain activity has rapidly subsided since then, with TVL dropping to just $13.7 million, according to DefiLlama. The CANTO token is also down by 83% since May 24.

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Oliver Knight

Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

Higit pang Para sa Iyo

Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half

Ni Oliver Knight|Edited by Sheldon Reback
Hul 24, 2025
Alt

A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.

Ano ang dapat malaman:

  • Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
  • Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
  • Hacken urges real-time monitoring and automated controls to prevent operational failures.
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