Ethereum Allegedly Crashed! Cannot Make Transfers


Infura, the infrastructure provider of Ethereum, allegedly collapsed. For this reason, transactions cannot be performed on Ethereum at the moment. It is claimed that there is a major problem with the network.

Following this incident, many major exchanges such as Binance and Upbit decided to cease withdrawals for Ethereum and ERC-20 tokens. Stock exchanges make statements one after the other, stating that withdrawals are temporarily suspended and investments are safe.

Making a statement on the subject, Tobby Kitty said that the situation does not concern Ethereum. The famous name said:

“Ethereum is the internet. If the owner collapses, this is not a matter of concern to the internet. This applies to anything running on Ethereum. Aave may collapse, CompoundFinance may collapse, Metamask may collapse .. There is nothing to do with Ethereum. ”

The Source of the Problem has been Identified

Infura announced on its official website that the source of the problem was determined and that they started work to fix it.

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