The decentralized project's developers have encountered a serious technical problem. The Core DAO network is preparing an urgent hard fork following a vulnerability. Validators received rewards exceeding the original token emission plan. The project team has taken full control of the incident. Malicious participants will no longer be able to receive excess rewards. The critical network update will not result in a dangerous rollback. Developers will not reverse already confirmed user transactions. Earlier, project representatives reported unusual validator behavior. A small number of nodes accumulated enormous rewards beyond the established limits. This incident relates exclusively to the emission of new digital coins.
The Core DAO team guarantees the complete safety of all user assets. Major cryptocurrency exchanges responded quickly to the emerging problem. Coinbase temporarily restricted token deposits and withdrawals. Exchanges Bithumb and Korean platform Coinone took similar measures. Trading platforms Bitget and LBank also blocked transfers. These restrictions will help prevent the withdrawal of excess digital coins. Users will temporarily be unable to freely manage their assets. Developers have not yet disclosed the exact number of surplus tokens. The duration of the corresponding operations also remains strictly confidential. The team has not confirmed whether additional coins have entered circulation.
Project representatives have not explained the true cause of the dangerous vulnerability. Developers have promised to publish a detailed technical report on the incident. The document will be released following the completion of a full investigation into the issue. The emergency hard fork will serve as the primary tool for fixing the critical bug. The reward accrual mechanism will receive the necessary protective software patches. The Core DAO network will continue to operate stably following the update. Investors are closely monitoring the actions of the project's team. The transparency of the investigation will be a key factor in restoring market confidence. Cryptocurrency exchanges will lift restrictions once blockchain operations stabilize. Users will be able to resume trading tokens on open platforms.
Such incidents occur regularly in the decentralized finance space. Bugs in smart contracts create serious risks for networks.