According to Planet Daily, DefiLabs, a DeFi platform managed by AI, released the following announcement on Twitter on July 28:
In order to provide users with better services and experience, our platform is currently undergoing maintenance and updates. Unfortunately, we encountered an unexpected problem during this process. To ensure the safety of user assets and the smooth operation of the platform, we have decided to suspend the staking service. Please do not perform any staking operations during the maintenance period.
During the emergency upgrade, the staking suspension will be in effect. We strongly recommend that users do not attempt any staking transactions during this period to avoid any interruption in fund handling and the upgrade process. We are working hard to resolve the issue to restore the normal operation of the platform as soon as possible. The withdrawal process will be suspended until further notice. Please be patient and stay tuned for further updates. The team will release the latest news within 48 hours.
Users' existing funds will be stored safely and will not be affected. Once the upgrade is completed and the platform is confirmed to be operational, we will promptly notify users to resume staking services. The new pool is expected to be opened after the maintenance is completed.
To ensure the safety of user funds, please pay close attention to official announcements and exercise caution when handling information from unknown sources.