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From Telegram:

The BitShares blockchain is halted. No blocks are being produced. No transactions are being processed. This results in all blockchain data being protected as is. The Witnesses and developers are actively debugging the issue and working to restore the blockchain at this time. Please expect another update within the hour.

Ryan R. Fox (Fox):
The BitShares network remains halted. The Core Developers are actively debugging. A re-sync is in progress to further their investigation. Expect another update in ~30 minutes.

Ryan R. Fox (Fox):
The BitShares blockchain remains halted. Daniel Larimer is actively working with the BitShares Core development team to identify the root cause of the issue.

Witnesses are incapable of producing blocks b/c there is an issue that prevents verifying the previous chain - a particular transaction is fouling up the works. Dan Larimer and witnesses are working the problem as fast as possible.

Update 5 (15:05 UTC)

Ryan R. Fox (Fox):
The BitShares blockchain remains halted. The Core Development Team continues to actively identify the root cause. Witnesses are available to implement the resulting patch when it becomes available. Please expect another update in nearly 30 minutes.

Update 6 (15:50 UTC)

Ryan R. Fox (Fox):
The BitShares blockchain remains halted. The root cause has been identified. The Core Development Team is coordinating a release at this time. Witnesses will be notified to update their nodes thereafter. Please expect another update in nearly 30 minutes.

Update 8 (17:18 UTC)

Ryan R. Fox (Fox):
The BitShares blockchian is currently bringing witnesses online at this time.

Update 9 (UTC 17:25)

Roelandp:
participation rate at 22% witnesses rebuilding and running on a slowly rolling out network of seednodes.

Roelandp:
as per @daniellarimer: 'exchanges also need to update software'