Following a nine-hour shutdown, as validators devised a strategy to end the chain’s situation, Terra blockchain activity has resumed. Terra Blockchain shutdown
- Late on Friday afternoon, the blockchain was stalled at block 7607789.
Then, blocks 7607790 and 7607791 came through at roughly 11:27 UTC, respectively.
- Terraform Labs, the firm behind the Terra ecosystem, said on Twitter that network validators had blocked on-chain swaps and that IBC protocols had been closed following the restart of the blockchain.
Off-chain assets like bETH were urged to be “bridged” back into the main chain.
- LUNA was trading at roughly $0.008 and terraUSD (UST) was trading at around $0.19 at the time of the network shutdown.
Currently, the assets are valued at $0.00003 and $0.16, according to CoinMarketCap statistics.