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Proof-of-Stake Ledger Hedera Shut Down Network Services After ‘Network Irregularities’

Cointime Official

Hedera, a decentralized proof-of-stake ledger, has suspended its network services due to "network irregularities" that it has been experiencing.

"In an abundance of caution for users, @hedera network services will not be accessible during this period of time. This includes wallets, decentralized & centralized exchanges, decentralized applications, etc." Hedera explained in a reply.

Speculation on social media platforms has been fueled by the report of irregular activity, leading to suggestions that the platform may have been attacked by hackers. Hedera, however, has neither confirmed nor denied these rumors.

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