Core DAO Plans Hard Fork to Address Excess Validator Rewards
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Cryptocurrency Exchange | Blockchain
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Core DAO is taking urgent action after validators accidentally claimed more CORE rewards than intended.
Key Takeaways:
- Hard Fork Planned: Core DAO will execute an emergency hard fork to rectify the issue.
- Incident Contained: The team assures that malicious validators can no longer exploit this vulnerability.
- No Network Rollback: The upgrade will not undo previous transactions or roll back the network.
- Investigation Ongoing: A technical postmortem will be released to explain the root cause of the issue.
- Exchange Affected: Several exchanges temporarily restricted CORE transfers due to security concerns.
Full Article:
Core DAO encountered a reward issuance problem where a small number of validators accumulated significantly more CORE than intended. This was limited to reward distribution and user assets remained safe.
In a recent update, Core confirmed the incident was contained and that "malicious validators" could no longer exploit this vulnerability. They emphasized that the upcoming hard fork is a forward-looking upgrade with no rollback of the network or previous transactions.
An earlier status update from Monday highlighted the initial discovery of the discrepancy. Coinbase, Bithumb, Coinone, Bitget, and LBank temporarily suspended CORE transfers due to security concerns.
Core has not disclosed specific details about the amount of excess CORE issued, the duration of the issue, or whether any additional tokens entered circulation. A technical postmortem is expected soon.
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