LayerZero’s Stargate down for 6 hours due to DVN malfunction

LayerZero Scan reports approximately 29,700 transactions currently stalled within the system.

LayerZero's Stargate down for 6 hours due to DVN executors malfunction

Key Takeaways

  • Stargate has been offline for over six hours due to a serious service disruption.
  • Users are urged to halt cross-chain transfers until further notice.

Stargate, a cross-chain bridge built on LayerZero, has been down for over six hours due to malfunctioning Decentralized Verifier Networks (DVN), which causes delays in transaction processing across multiple blockchains.

Blockchain security firm PeckShield first reported the outage early Friday and advised users to halt cross-chain transfers until further notice.

#PeckShieldAlert Our community has reported that #Stargate is currently down.
Do *NOT* use Stargate for cross-chain fund transfers at this time. Transactions are getting stuck in transit.

— PeckShieldAlert (@PeckShieldAlert) December 20, 2024

Web3 security company ExVul later noted that Stargate had been down for nearly 6 hours.

🚨🚨🚨URGENT: @StargateFinance is currently offline. DO NOT attempt any cross-chain transfers using Stargate. Your funds may be at risk.

— ExVul (@EXVULSEC) December 20, 2024

At the time of reporting, around 29,700 transactions are stalled within the system, according to data from LayerZero Scan.

Source: LayerZero Scan

The Stargate development team confirmed the incident was caused by an error in the DVN network’s executors.

This is a developing story.

Disclaimer
20.12.2024
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