Recently ICO "STATUS.IM" has made the Ethereum network completely dead, and users are not able to connect to their wallet.

in #ethereum7 years ago

As at 4:05 PM Tuesday, 20 June 2017 Greenwich Mean Time (GMT), around 10 minutes after Status ICO started, the Ether Block is experiencing extremely heavy traffic, making thousands of transactions pending.

https://etherscan.io/address/0x55d34b686aa8c04921397c5807db9ecedba00a4c

Meanwhile, open-source Wallet like MyEther Wallet has lost connectivity to the node.


The Hype is real!


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This ICO unnecessarly froze the entire Ethereum network. See detailed analysis of the flaws in the process of the status.im ICO over here:
https://steemit.com/cryptocurrency/@globalvanguard/how-status-im-screwed-up-their-ico

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