Ontology said it received an urgent report alleging that a project built on the Ontology blockchain may carry a potential security risk that could threaten assets on the network. As a precaution, the team said it coordinated with a majority of consensus nodes, which agreed to temporarily stop block production while an investigation is carried out. Ontology said the move is intended to support the investigation and reduce possible risk during the review process. The investigation is still ongoing, according to the statement. The project team added that it will keep working with relevant parties and continue to monitor the situation closely. Block production will resume only after the investigation has made sufficient progress and the network is confirmed to be safe.
Ontology said it received an urgent report saying that a project built on the Ontology blockchain may pose a potential security risk and could threaten assets on the network.
As a precaution, Ontology said it coordinated with a majority of consensus nodes, and those nodes agreed to temporarily halt block production to support the investigation and reduce potential risk.
The investigation is still ongoing, according to the statement. Ontology said it will continue working with relevant parties and closely monitor the situation. The network will resume block production after the investigation has made sufficient progress and safety has been confirmed.
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