🚨 PYTH NETWORK DOWN: Core Price Feeds Freeze for 4+ Hours! 📉
DeFi just faced a major reality check. $PYTH Network has confirmed a massive outage affecting Pythnet and Hermes, knocking out core price feeds and sponsored feeds for over 4 hours straight.
In a market where seconds dictate millions in liquidations, a 4-hour blackout is a massive vulnerability.
The Status Right Now:
🔍 Root Cause: Identified by the team.
🔄 The Fix: Validators are actively coordinating a network restart.
⏱️ Target Time: Feeds are expected to resume by 12:30 PM UTC.
⚡ Safe Zone: $PYTH Lazer remains unaffected at 100% uptime.
When oracles go dark, trading protocols fly blind. If you are actively trading or managing heavy DeFi positions, exercise extreme caution until the network fully stabilizes.
💬 Did this $PYTH outage catch your positions off guard, or did your risk management save you? Drop your thoughts below! 👇
#PYTH #PythNetwork #SpaceXS1FilingRevealsBTC #USInflationForecastUpOnIranConflict #CryptoNews