DOGS memecoin, initially perceived as a fun project in the crypto space, has caused a serious network crisis. The airdrop associated with this memecoin caused a colossal volume of transactions that the TON network was unable to handle. The congestion was compounded by problems with database cleanup, which caused additional difficulties in restoring network stability.
In response to the crisis, TON administrators issued an urgent directive instructing all validators to restart their nodes to restore normal operation. This step was critical to restore consensus and stabilize the network.
Meanwhile, the glitch has had an impact on cryptocurrency platforms including Binance and Bybit, which have temporarily suspended deposits and withdrawals related to TON to prevent further problems and protect users.
