The Cosmos-based decentralized exchange Osmosis halted block production for nearly four hours on November 12, stopping at block 74,955,152 around 22:57 UTC. Block production resumed at approximately 3am UTC on November 13. The platform confirmed no user funds were affected and no blocks required reversal.
The stoppage prompted Korean exchanges Upbit and Bithumb to temporarily pause OSMO deposits and withdrawals, though spot trading continued. Coinbase also noted transfer problems. Osmosis has not disclosed what triggered the halt. OSMO traded around $0.037 following service restoration. The network experienced a similar governance-related outage in 2022.
Read the full story on BSC News: Osmosis Restores Block Production After Nearly Four-Hour Chain Halt, No Funds Lost
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