Cosmos EVM Network Evmos announced that the network upgrade failed and the network will be suspended for 24-48 hours while the team meets again and decides on follow-up measures. No transactions will be processed during this period.
In response to the network upgrade failure, Evmos official developers responded in the community: the network will remain closed until the issue is resolved, but most likely the network will not restart and nodes will not be penalized or lose tokens.
Source Cosmos
Get the most concise crypto news, research, and insights by subscribing to our free newsletter.