Ethereum lost $5 Billion in Value - Network Slow Down and Transactions backed up

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·@crypticj·
0.000 HBD
Ethereum lost $5 Billion in Value - Network Slow Down and Transactions backed up
As you all know from my previous post that Ethereum Network is backed up due to all the ICOs and buggy smart contracts that are clogging up the network. 

The cost to transfer ether (GAS) has gone up almost 120% in last few hours, I would recommend not sending ethereum until the cost of gas is more manageable. 
![ethereum price.JPG](https://steemitimages.com/DQmU8j31chmfmgmcbya3HGfbi4dVqX8G3NPTgS8NMjiVE1P/ethereum%20price.JPG)

The current Market cap is $29 Billion. On some exchanges Ethereum price is below $300 and dropping, I would recommend not to panic and sell your ethereum. Hold them for long term. 

Following Exchanges has stopped ethereum withdrawals or are not functioning: (If you have additional list please add to comments below. 
![polo.JPG](https://steemitimages.com/DQmcKL3KXfVMjLgwVi1Hb4gh9PzB6keUSWrgL2vaU16ax9P/polo.JPG)![gdax.JPG](https://steemitimages.com/DQmbnbEKMxt7AkvbdLRSYyLaeKCQXNNMHaUSMZbjazLjDYS/gdax.JPG)![bitf.JPG](https://steemitimages.com/DQmTtwAvPUnGwppzkzMmd8EwojX67WWTVWqRAsUwE9QcQW9/bitf.JPG)![bittrex.JPG](https://steemitimages.com/DQmYoQG31QxmedH7iXUU9xzDF8wF1S8jhyWVB6JYKNrBocq/bittrex.JPG)![liqui.JPG](https://steemitimages.com/DQmd1HkQ2g6aLTVGwTGV4o4hk7TvVLrgnXbKacT63GxnLBQ/liqui.JPG)
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