The issue has been fixed by Hetzner our cloud provider. Everything is back to normal now.
Thank you for your patience.
Our cloud provider Hetzner is facing network fault due to which the performance has been degraded. We are in touch with them and will update the status here as soon as we have more updates.
You can view more details about incident from here: https://status.hetzner.com/incident/ea9ed47d-ecfa-49bd-a961-fdfbdaf026e0
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