The DOGS memecoin, initially seen as a playful venture in the crypto space, has become the center of a major network crisis. The airdrop associated with the memecoin resulted in a massive volume of transactions that TON was not prepared to handle effectively. The congestion was exacerbated by database cleanup issues experienced by several validators, which led to further complications in restoring network stability.
In response to the crisis, administrators of #TON issued an urgent directive to all network validators. They were instructed to restart their nodes in an attempt to restore normal operation. This process was critical to restoring consensus between nodes and resuming normal operation across the network.
Meanwhile, the effects of the outage were felt across all cryptocurrency trading platforms. Leading exchanges including Binance and Bybit took precautionary measures by temporarily suspending all TON-related deposits and withdrawals to prevent further disruptions and protect their users.