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MoneyGram admits ‘cybersecurity issue’ behind several-day outage

MoneyGram’s services have been offline since Sept. 20, with the firm confirming the outage is due to a cybersecurity incident three days later.

Financial services firm MoneyGram has admitted its multiday outage is due to a “cybersecurity issue,” and it is working to restore its services with some success.

“MoneyGram recently identified a cybersecurity issue affecting certain of our systems,” the company said in a Sept. 23 X post.

It comes days after users reported that its services were down on Sept. 20, and hundreds have reported MoneyGram’s outage in the past 24 hours, according to service status information aggregator DownDetector.

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Lead SHIB Developer Shytoshi Kusama Says Web3-Based Operating System Now Needed After Global IT Outage

Lead SHIB Developer Shytoshi Kusama Says Web3-Based Operating System Now Needed After Global IT Outage

The lead developer of memecoin Shiba Inu (SHIB) says that web3-based operating systems are now needed after banks and other networks suffered a massive global outage last week. In a new post on the social media platform X, Shytoshi Kusama says that a decentralized web3 operating system could counter events such as the latest outage, […]

The post Lead SHIB Developer Shytoshi Kusama Says Web3-Based Operating System Now Needed After Global IT Outage appeared first on The Daily Hodl.

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JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world. Customers at JPMorgan Chase, Bank of America and Wells Fargo are reporting major, ongoing outages, according to the network tracking service DownDetector. The historic outage, which has hammered banks, airlines outage and scores of other businesses, was triggered […]

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Ethereum Competitor Avalanche (AVAX) Suffers Five-Hour Network Outage

Prominent layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour network outage. According to Avalanche data-tracking platform Avalanche Status, the blockchain went through an outage that prevented blocks from being accepted on its primary network. “Developers across the community are currently investigating a stall in block finalization that is preventing blocks from […]

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JPMorgan Chase, Bank of America, Wells Fargo Suffer Major Outage As Customers Scramble to Locate Deposits

JPMorgan Chase, Bank of America, Wells Fargo Suffer Major Outage As Customers Scramble to Locate Deposits

Several of America’s biggest banks are facing a flood of complaints about issues with account balances and direct deposits. Customers at JPMorgan Chase, Bank of America, US Bank, Wells Fargo and Truist say money that should have arrived in their accounts is not showing up. The network monitoring app Downdetector is reporting widespread issues at […]

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Aptos resumes operation after 5-hour outage that ‘impacted’ transactions

Aptos suffered a five-hour outage, coincidentally in the same week that the network launched this time last year.

Layer-1 blockchain Aptos Network has managed to bring its network back to normal operations after a lengthy five-hour outage that saw transactions on its network “impacted."

According to the Aptoscan network tracker, on-chain transactions on the Move language-based blockchain were halted 11:11pm UTC on Oct. 18 at block 104621314 — down for more than five hours.

Aptos seemingly confirmed the outage with a post on X (formerly Twitter), noting:

“Your energy for Aptos One was so electric, you cut the lights!”

At the time, the team added that “transactions on the network have been impacted” and they were “working diligently” to resolve the issue.

The outage then led crypto exchanges Upbit and OKX to alert users about maintenance for the Aptos network, adding that APT deposits and withdrawals were temporarily suspended.

Before the outage, Aptos Labs posted a birthday message saying, “It's been a year since Aptos Mainnet burst onto the scene.”

Aptos, a heavily VC-backed project that launched on Oct. 17, 2022, was built by former Meta employees who worked on Facebook’s Diem blockchain.

Related: Solana records 1 outage in first half of 2023, 100% uptime in Q2

It may be outage season as Aptos is not the only chain to go down recently.

On Oct. 19, the Theta Network team stated that a recent node upgrade created an “edge case bug” that caused blocks on the main chain to stop producing for several hours.

It added that a fix had been implemented and the network was operating normally again.

In September, the Coinbase layer-2 network Base suffered its first major outage since the launch in the previous month.

Magazine: Beyond crypto: Zero-knowledge proofs show potential from voting to finance

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Breaking: Polygon blockchain reportedly suffers network outage

The blockchain has not produced any new blocks or processed transactions for at least an hour and 40 minutes, leading some to believe its currently suffering an outage.

Layer-2 scaling solution Polygon (MATIC) has not processed a block in over an hour and a half, leading some to believe that the blockchain network could be suffering from an outage.

Latest blocks and transactions on Polygon. Source: Polygonscan

According to data from Polygonscan, the blockchain's last block and transaction was processed at around 8:35 pm UTC on Feb. 22.

The network has previously suffered network outages, with the last occurring on Mar. 21-22, 2022 due to maintenance required on one of the network's three layers.

The Polygon team is yet to comment on the outage.

This is a developing story, and further information will be added as it becomes available.

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WhatsApp down again? Google Trends spike after the outage

As WhatsApp goes down once again, there are a number of alternative platforms that are popular alternatives in the cryptocurrency space.

Some two billion WhatsApp users were left without service on Oct. 25 as the biggest messaging application worldwide went offline. Meta, the owner of Facebook and WhatsApp, is yet to clarify what led to the outage.

Users took to social media platforms like Twitter to share hilarious memes about the outage, with many flocking to alternative social media platforms to find out if they were alone in their lack of service. A similar situation took place in October 2021, with Facebook, Instagram and WhatsApp going down for more than 24 hours due to a “server configuration change.”

This time around, the outage was fairly short-lived, with WhatsApp restoring messaging services within a few hours of the initial outage. Nevertheless, questions about alternative messaging applications came to the fore once again.

Google Trends data highlights the surge in searches relating to WhatsApp around the globe on Oct. 25 as users tried to find out what had happened to the world’s most popular messaging app. Singapore, United Arab Emirates, Italy, Netherlands, Pakistan and South Africa were among the countries with the highest number of WhatsApp-related queries following the blackout.

The cryptocurrency community has long held privacy and encryption in high regard, and as such, a number of WhatsApp competitors have been endorsed as growing alternatives. 

Telegram has grown its user base steadily over the past few years, with founder and CEO Pavel Durov pinning the platform’s user base at 700 million users in October 2022. Telegram allows users to send end-to-end encrypted messages, photos and videos, share files, and create large groups or channels of up to 200,000 people for broadcasting purposes.

Related: This is what your email could look like in Web3

Signal commands a user base of some 40 million people around the world, and its privacy features are touted as industry-leading. Its open-source, end-to-end encryption means that Signal and third parties cannot read or listen to a user's messages or conversations.

Discord is a growing player in the instant messaging app space, already popular among gamers as a major voice-over-IP service. The platform is touted to serve over 140 million users that make use of its voice and video calls, text messaging, media and file sharing capabilities and server hosting.

Line is another alternative messaging service used by some 178 million users across the East Asia region. It integrates text messaging, voice and video calls with a bouquet of services, including a wallet app, gaming and music streaming services.

A decentralized alternative that bypasses the need for central servers or services is also an option. Keet, developed by Bitfinex and Tether-backed development firm Holepunch, offers a desktop-based peer-to-peer messaging application for text and video calling. 

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Celo network back online after almost 24-hour outage

It was the first time the Celo mainnet had gone down in more than two years.

Proof-of-stake-based blockchain Celo has been suffering from an on-and-off network outage lasting 24 hours, though the blockchain appears to be up and running again now. 

Celo is an open-source blockchain that enables users with phone numbers to make payments with crypto by using their phone numbers as a proxy for public keys.

Celo updated its Twitter followers after the network came back online, noting it was the network’s first outage since the mainnet launch on April 22, 2020, and that it has begun a “thorough and expedited technical analysis” to get to the bottom of the issue.

The protocol made the initial announcement that the network had stalled on July 14 at 12:04 am (UTC) at block 14,035,019, assuring that “all funds are safe.”

It resumed around nine hours later for several minutes before pausing again at block 14,035,045.

As at the time of writing, the network appears to be up and running again following an upgrade of its validator nodes to version 1.5.8, according to a Celo block explorer.

On the protocol’s Discord channel, one of the network’s validators with the username “Dee” said they saw the latest outage as “part of the growing pains” of the network but that they remained confident in the fundamentals as it was the first network halt in over two years.

“Even Visa had some network outage over the past two years despite being a market leader in payments for over 60 years.”

The Celo protocol’s whitepaper claims that it enables users to send payments “as easy as sending a text message.” The network touts an average block time of five seconds, is Ethereum Virtual Machine Compatible, and supports smart contracts and decentralized applications.

Related: Celo Foundation proposes to deploy Uniswap v3 on its native blockchain

The Celo network is also the protocol behind three stablecoins — Celo Dollars (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL) as well as its native token Celo (CELO).

Earlier this week, the Helium network suffered a four-hour outage due to validator outages from a software update, causing delayed transaction finality.

On June 1, the Solana network suffered yet another outage, causing block production to halt for four and a half hours. It was one of seven network outages over the last 12 months.

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Metamask Users Complain About Connection Issues as Wallet’s Default Endpoint Suffers From ‘Major Outage’

Metamask Users Complain About Connection Issues as Wallet’s Default Endpoint Suffers From ‘Major Outage’On Friday, users leveraging the Web3 wallet Metamask complained about service outages after Infura, Metamask’s default endpoint suffered from a “major outage.” The wallet company addressed the situation and explained the problems were due to Infura combating an outage. Metamask Users Deal With Connection Issues After Infura Suffers From Service Disruption One of the most […]

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