TON Blockchain Restored After Multiple Outages Linked to DOGS Token Surge

The network faced two disruptions within 24 hours, attributed to high traffic from a new memecoin, amidst ongoing legal troubles for Telegram's CEO.

TON blockchain experienced significant downtime due to heavy load from DOGS token minting.
The network resumed operations after validators updated and restarted their nodes.
Major exchanges like Binance and Bybit temporarily halted TON transactions during the outages.
Toncoin's value has dropped over 20% following the arrest of Telegram CEO Pavel Durov.
Telegram's CEO faces charges related to illegal activities facilitated on the messaging platform.