Arbitrum stopped due to software bug.
On Wednesday, the software of the Arbitrum blockchain was affected by a bug that caused the network to stop processing transactions on-chain for several hours. According to the official Twitter account of the Arbitrum developers, the bug was found in the sequencer of Arbitrum, which is responsible for processing user transactions, creating a batch of transactions, and posting it on-chain.
As per the community lead of the Arbitrum Foundation, who goes by the username “eli_defi” on Discord, the bug created network stress due to a large backlog of transactions that had not been posted on-chain. However, a solution was already deployed earlier and everything has been operating normally since then.
This article was edited by Bradley Keoun.