Hey COTI Community,
Quick status update. COTI is aware of a few issues and is actively working to investigate and resolve them:
→ COTI ERC20 transfers temporarily disabled on a select few exchanges
→ Stuck transactions on the bridge and treasury
Re Exchange Transfers: COTI is currently exploring and will work on getting this resolved with the exchanges as soon as possible.
Re the Bridge: A significant influx of volume on the COTI token has created temporary price disparities across exchanges. Traders moving to capture that arbitrage have congested the COTI bridge, pushing the bridge limit to its cap after each reset. As those arbitrage opportunities resolve themselves, bridge capacity will free up on its own and resume normal function. All stuck transactions in the bridge will be reprocessed as soon as possible.
COTI will continue to monitor and post additional updates. Thank you for your patience.
Quick status update. COTI is aware of a few issues and is actively working to investigate and resolve them:
→ COTI ERC20 transfers temporarily disabled on a select few exchanges
→ Stuck transactions on the bridge and treasury
Re Exchange Transfers: COTI is currently exploring and will work on getting this resolved with the exchanges as soon as possible.
Re the Bridge: A significant influx of volume on the COTI token has created temporary price disparities across exchanges. Traders moving to capture that arbitrage have congested the COTI bridge, pushing the bridge limit to its cap after each reset. As those arbitrage opportunities resolve themselves, bridge capacity will free up on its own and resume normal function. All stuck transactions in the bridge will be reprocessed as soon as possible.
COTI will continue to monitor and post additional updates. Thank you for your patience.