The Open Network (TON) halted block production on June 1 due to a masterchain dispatch queue error. Developers restored functionality within 40 minutes by updating master chain validators, with no user funds affected. TON previously suffered memecoin-induced outages in August 2024. Despite occasional downtime, TON’s ecosystem grows, backed by $400 million in funding from leading VCs like Sequoia and Draper. It continues to attract retail and institutional interest.

source: Cointelegraph

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