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ONT Ontology (ONT) suspends block production due to potential security threats
Cryptocurrency project Ontology (ONT) announced that it has temporarily suspended block production due to detection of potential security threats on the network. The project team said it is coordinating actions with the vast majority of validators on the network to protect user assets.
Emergency Warning and Preventive Measures
According to Ontology's official statement, the team received an urgent alert about potential security vulnerabilities in projects being developed on the blockchain. Given that this security risk could endanger assets on the network, it was decided to suspend block production as a precautionary measure.
Ontology received an urgent report about potential security risks involving projects built on the Ontology blockchain, which could pose a risk to assets on the network. As a precautionary measure, we have coordinated with most consensus nodes, who have agreed to...
Community Collaboration and Investigation Progress
The Ontology team stated that the vast majority of consensus nodes have agreed to temporarily halt block production. The decision is intended to assist in investigating potential threats and preventing possible damage.
Theteam announced that a security investigation is underway and will continue to cooperate with relevant parties and closely monitor developments. They added that block production would resume only after the investigation made sufficient progress and it was deemed safe to restart the network.
The content of this article does not constitute investment advice.
