The Open Network (TON) , originally developed by brothers Pavel and Nikolai Durov, has been “down” since about four hours ago, with eagle-eyed users reporting that the protocol has stopped processing transactions.
The network, previously associated with messaging platform Telegram, has not produced any new Block during this period, according to blockchain explorer Tonscan.
Source: Tonscan
Binance and Bybit have suspended deposits and withdrawals into and out of the network.
Durov was arrested in Paris on Saturday, facing charges of facilitating illegal transactions, refusing to cooperate with law enforcement, and allowing child pornography, drug distribution, organized fraud, money laundering, and illegal crypto-related activities to take place unchecked on Telegram.
Durov, along with his brother Nikolai, announced the Layer 1 blockchain in 2018 via a Telegram whitepaper. The U.S. Securities and Exchange Commission later halted the project, deeming its Gram Token ICO as an unregistered security.
After Telegram withdrew in 2020, community developers continued the project, launching the current network led by Anatoliy Makosov and Kirill Emelianenko.
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Annie
According to Decrypt
