Osmosis Faces Outage, Chain Temporarily Halted

In the early hours of 26/11, the Osmosis trading chain experienced an outage, leading to a temporary halt in operations.

This information was shared by the Osmosis Lab support channel on their Twitter account. The project advised users to follow updates on official channels and stated that the Validator team is investigating the cause of the issue.

The outage caused the network to be down for about two hours. Following this, the Osmosis team released a software patch and requested Validators to quickly update.

According to the latest information, a conflict in the KV-Cache storage process led to key storage conflicts (used for future reuse and decryption).

Interestingly, this vulnerability was discovered last year and had been patched by Osmosis Lab. However, due to some mismanagement in the project's branch handling, version V.20 of Osmosis inadvertently caused the issue to reappear.

As of the time of writing, the Osmosis network is back to normal operation.

Osmosis is an appchain built on the Cosmos SDK toolkit and specializes in token swaps and trading activities. Having a dedicated chain for a specific function helps the project minimize costs and avoid congestion on a general network.

Previously, in June 2022, Osmosis encountered a technical flaw in its liquidity pool, allowing the protocol to be exploited and mint tokens in large quantities.