Stargate, built on LayerZero, stopped functioning for over 16 hours due to decentralized verification network issues, impacting transaction processing across various blockchains.
PeckShield, a blockchain security company, reported the failure, advising users to pause cross-chain transactions until the situation improves.
The native token STG is currently trading at 0.30 USD, reflecting a 2% increase after it dropped to 0.26 USD prior to the incident.
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