Filecoin network experiences temporary outage. Decentralized storage protocol Filecoin (FIL) came to a halt on Dec. 19 as a bug triggered network instability.
According to a project status report announced by the Filecoin team “The Filecoin network is halted with most nodes stuck at height 336459 with mismatched state compute error due to indeterminate behavior.”
Based on the timeline given in the status update, it took less than four hours for the Filecoin dev team to fix the problem. As part of the solution, miners had to upgrade to the new Lotus client.
Due to the network outage, exchanges like HBTC and KuCoin served notices to their users, announcing the suspension of FIL deposits and withdrawals. As of press time, both platforms are yet to reverse the decision.
The team at Filecoin has advised exchanges to disable deposits and withdrawals until they are comfortable with the status of the chain. FIL is currently down more than 7% over the last 24-hour trading period. According to TokenSoft CEO Mason Borda, the network outage did not affect Wrapped Filecoin (wFIL).