After the upgrade failed, the Polygon platform was suspended for approximately 8 hours.

🔼 Update

Polygon PoS is back up and running as the team has deployed a temporary patch to resolve the issue.

According to the developer, a temporary patch has been released to resolve the issue. The network is back up and running and user funds are safe.

“We are working on a long-term solution and will post updates on official forums and other communication channels,” the program representative stressed.

Polygon co-founder Mihailo Bjelic explains that the problem arose due to a "minor update" to the Bor layer. This in turn caused the Heimdall level to crash and stop issuing blocks for several hours on the night of March 10, 2011.

Polygon is one of the largest blockchain ecosystems. More than 7,000 decentralized applications have been created on top of the platform.

The total value of funding involved in the Polygon DeFi ecosystem is $3.6 billion.

DeFi-Llama-3-1024x395.png.webp Data: DeFi Llama.

Recall that in October, the Polygon team paid $2 million to a white hat hacker for discovering a vulnerability that could have cost $850 million.

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