Argo Swaps Temporarily Suspended Due to Suspicious Activity
CryptoNewsTerminal Staff21 May, 2024
Argo Swaps Temporarily Suspended Due to Suspicious Activity
Argo (AERGO) recently announced via X that its "Argo Swap (bridge) service has been temporarily suspended due to abnormal activity." The service will be resumed after thorough troubleshooting. Argo did not provide further details on the nature of the abnormal activity detected. This suspension follows a similar incident in June 2023, when Argo Swap was paused due to a security issue. The issue was resolved, and the service was restored within a few hours. Argo Swap is a cross-chain bridge that allows users to transfer tokens between the Argo blockchain and other blockchains, such as Ethereum and Binance Smart Chain. The suspension of the service may inconvenience users who rely on it to move their funds between different blockchains. Argo has not yet provided a timeline for when the Argo Swap service will be restored. Users are advised to monitor Argo's official channels for updates.
