Pirate Chain exploit mints around 39.8 million ARRR, team proposes rollback
The Pirate Chain exploit highlights the challenges of maintaining security in privacy-focused cryptocurrencies, emphasizing the need for robust validation. The post Pirate Chain exploit mints around 39.8 million ARRR, team proposes rollback appeared first on Crypto Briefing.
An exploit on Pirate Chain minted approximately 39.8 million ARRR tokens, far exceeding the intended supply, and the team has proposed a rollback to reverse the unauthorized issuance. The incident underscores security and validation weaknesses in privacy-focused cryptocurrencies, potentially eroding holder confidence in ARRR and similar projects. Traders should watch whether the rollback is executed successfully, as failure could lead to further price depreciation and reputational damage.
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33M AGOYou’re reading thisPirate Chain exploit mints around 39.8 million ARRR, team proposes rollbackCrypto Briefing · Score 55
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50M AGOThe Defiant · Score 55 · via ARRR, Pirate
