On August 12, 2026, the Solana network narrowly avoided a full freeze, coming within 4.51% of halting after a routing failure at hosting provider Teraswitch knocked 28.83% of staked SOL offline. The glitch, originating in Miami and spreading to Europe and Asia, exposed severe stake concentration risks, as a single autonomous system, AS20326, held 27.34% of the network's stake—violating the Solana Foundation's 25% safety cap. Backup systems largely failed, leaving major validators like Helius offline for the entire 33-minute incident.
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