July 25, 2021

Newspay

Bitcoin & Ethereum Blockchain News

Ethereum withdrawals disabled as Infura experiences downtime

Infura, a hosted Ethereum node cluster that allows users to run applications without the need of an individual node or wallet, is experiencing downtime, at the time of writing.

Source: eng.ambcrypto.com

The infrastructure provider noted that it was experiencing a service outage that was causing a delay in the price feed to update for the Ethereum and other ERC-20 tokens.

This has caused many exchanges to disable the withdrawals of Ethereum and ERC-20 tokens. CryptoQuant.com noted:

“It seems exchanges using #Infura suspend withdrawing $ETH and #ERC20 tokens. For example, the largest exchange #Upbit was not hacked. Their outflow looks normal.

When #Upbit was hacked in Nov 2019, the outflow skyrocketed before the withdrawal limits.”

Binance’s CEO noted some discrepancies and stated that there was a possible ETH chain split at block 11234873. He added:

“Etherscan and Blockchair are showing two different chains and data after this block. We’re resolving now but have temporarily closed withdrawals.”

However, this was a result of the outage faced by Infura, and various components across Ethereum have been impacted – including Ethereum Mainnet archive data, Mainnet filters, Mainnet logs, Mainnet WebSocket JSON-RPC API, and Mainnet HTTPS JSON-RPC API.

This is a developing story and will be updated.