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Pirate Chain Exploit Creates 39.8 Million Unauthorized Tokens In Major Security Breach

Bitcoinist
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Pirate Chain Exploit Creates 39.8 Million Unauthorized Tokens In Major Security Breach

TL;DR: Pirate Chain developers disclosed a vulnerability linked to roughly 39.8 million unauthorized ARRR tokens. The incident raised urgent questions about network supply and how an attack can be investigated when transactions use strong privacy protections. Privacy-focused cryptocurrency Pirate Chain faced a major security crisis after developers reported that unauthorized tokens had been created through […]

Key Takeaways

  1. TL;DR: Pirate Chain developers disclosed a vulnerability linked to roughly 39.8 million unauthorized ARRR tokens.
  2. The incident raised urgent questions about network supply and how an attack can be investigated when transactions use strong privacy protections.
  3. Privacy-focused cryptocurrency Pirate Chain faced a major security crisis after developers reported that unauthorized tokens had been created through […]
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Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.