Institutional investor brokerage firm Coinbase Prime is struggling to migrate SOL to cold wallets due to a bug that crashed the Solana network last week. This was announced by the managing partner of Dragonfly Capital Hasib Qureshi.

“Due to an update currently taking place on the Solana network, on-chain custody operations including new wallet creation, withdrawals and staking via Prime Vault and Custody are temporarily disabled,” Coinbase Prime said in a post.

The service team stressed that customers’ assets are safe. Users can deposit funds into existing wallets and existing bookies will continue to receive rewards.

On June 1, the Solana network did not generate new blocks for more than four hours due to a failure to process “long-term untargeted transactions”, resulting in a consensus violation. The developers disabled such a transaction and asked the validators to restart the blockchain.

Durable transaction nonces are mostly popular with cryptocurrency exchanges. The functionality is designed for token holders using complex auto-signing settings, so they cannot always prepare transactions immediately for recording on the blockchain.

For example, a custodian who signs a transaction from two isolated devices may not have time to complete the job in one block. In this case, a normal operation on the Solana network will not work, but the above function allows you to bypass this limitation and pre-sign offline.

Solana developers announced that they will enable long-term untargeted transactions when “corrective measures” are taken. The feature will be enabled in the next software update.

Recall that in May 2022 the project team reported that the network’s internal clock was out of sync with real time.