Read this article on bsc.news Osmosis, the Cosmos-based decentralised exchange, has restored block production after a halt of nearly four hours. Service resumed at around 3am UTC on November
Osmosis, the Cosmos-based decentralised exchange, has restored block production after a halt of nearly four hours. Service resumed at around 3am UTC on November 13, according to the platform.
In a statement, @osmosis said: "No funds were lost and no blocks were reversed. The network is running normally." The team also thanked its validators for working through the night to resolve the issue. $OSMO traded near $0.037 on November 13.
Blockchain infrastructure provider QuickNode reported that Osmosis stopped producing blocks at 22:57 UTC on November 12, with the network stalled at block height 74,955,152. On-chain records later showed that Osmosis resumed block production approximately four hours after the interruption.
While the chain was down, the Osmosis status page showed partial disruption. It reported that some services were down, including the mainnet LCD endpoint and the osmosis-1 snapshot service, while the RPC endpoint and app.osmosis.zone showed as operational.
The halt had a knock-on effect for exchanges. South Korean exchange Upbit temporarily suspended deposits and withdrawals of OSMO on November 13 after the blockchain stopped producing new blocks.Upbit kept OSMO spot trading open normally during the interruption.Rival exchange Bithumb also issued its own OSMO suspension notice, and both Bithumb and Coinbase reported transfer issues on the network.
No root cause has been publicly confirmed in the sources reviewed. One crypto outlet noted that none of the sources it reviewed names a confirmed cause. Another outlet reported that the disruption is linked to a network upgrade impacting chain operations, but that has not been confirmed by Osmosis in the statement available.
Market reaction appeared limited. OSMO traded near $0.037 on November 13, up about 14% over 24 hours according to CoinGecko figures cited by crypto.news, though the outage does not explain the gain, since centralised exchange trading can continue without on-chain settlement.
Chain halts are not new for the network. In 2022, Osmosis attributed an earlier outage to a governance proposal, saying validators were getting different app hashes due to non-determinism. In that case, Tendermint is designed to halt automatically in such situations to prevent further issues.
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