The Arbitrum blockchain network has encountered serious problems as it has been unable to create new blocks for the past 2 hours. The blockchain was stopped at block 160384180. This caused all transactions and activities on the world’s busiest L2 blockchain to stop.
The project’s official Twitter page announced the incident. Accordingly, The Arbitrum One Sequencer stalled at 10:29 AM ET during a significant surge in network traffic. Currently, Arbitrum’s technical team is still working to find a fix.
It is known that this is not the first time Arbitrum has encountered block creation problems. The first time the community mentioned Arbitrum and the block generation outage was in September 2021. Besides, Layer-2 also encountered a few other problems related to the network. Recently in August 2023, Arbitrum had problems managing ETH balances in fee-paying wallets, causing the network to be unable to process transactions within 1 hour. On January 2022, Arbitrum had trouble connecting to the Sequencer network.