Core DAO plans emergency hard fork after validators drew excess rewards
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Core DAO is planning an emergency hard fork after a small number of validators claimed more CORE rewards than intended by the protocol. The incident has been contained, and malicious validators can no longer access excess rewards. The upcoming fork will be a forward upgrade without rolling back the network or reversing confirmed transactions.
Why it matters
The source indicates the development matters because of potential security concerns and impacts on CORE token transfers. Several exchanges suspended deposits and withdrawals due to suspected or confirmed security issues. However, user assets reportedly remain safe.
Key context
Prior to the hard fork announcement, Core reported that a small number of validators accrued rewards significantly above intended issuance, limited to reward issuance only. The specific vulnerability exploited, the amount of excess rewards, and whether additional tokens entered circulation have not been disclosed. Core plans to publish a technical postmortem.
Key numbers and entities
The organizations involved include Core DAO and several cryptocurrency exchanges: Coinbase, Bithumb, Coinone, Bitget, and LBank. No figures quantifying the excess rewards or duration of the incident are given.
What remains unclear
Details missing from the source include how much excess CORE was issued, the length of the exploit, the nature of the vulnerability that allowed the over-issuance, and whether any additional tokens entered circulation. There is also no response from Core DAO providing further information as of the article’s publication.