The Celo blockchain platform has suspended work on block 14 035 018. The project team reported that user funds are safe.

According to Celoscan, the network has not produced blocks for more than seven hours. According to the developers, blockchain validators are examining the issue and looking for solutions.

Shortly before the event, decentralized exchange Uniswap v3 deployed its smart contracts on the Celo network.

Celo is positioned as a “mobile-centric” and “carbon negative” blockchain. The EVM compatible network has 2.6 million addresses with an average of 1.1 million daily transactions. Through the Mento smart contract platform, the project supports several algorithmic stablecoins.

Deployment of the Uniswap v3 protocol on the network includes the creation of “green assets” liquidity pools, such as tokenized carbon credits from Celo.

The Celo Foundation, the nonprofit behind the development of the blockchain platform, also pledged to launch a $10 million Uniswap user incentive program and provide additional financial assistance to the exchange in the future.

Quotes of the native Celo token (CELO) barely reacted to the event. According to CoinGecko, the price of the asset has increased by 2.2% in the last 24 hours.

Recall that in July 2022 hackers attacked Uniswap liquidity providers via a fake airdrop.

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