Pirate Chain has confirmed it was recently attacked, with its token supply inflated by approximately 20%.
1 hours ago
Pirate Chain releases an update on its exploit incident investigation. On October 14, a transaction validation vulnerability was discovered in Pirate Chain’s source code, which led to the unauthorized creation of approximately 39.8 million ARRR tokens, increasing the total token supply by around 20%. The newly generated tokens were immediately transferred to the Sapling privacy pool. The NonKYC platform subsequently detected the suspicious deposits, restricted relevant accounts, and blocked withdrawals. The exploit leveraged failures in two validation processes: one bypassed the minting check, while the other involved an error in parsing the output script. As a voluntary preventive measure, dPoW (Delayed Proof of Work) operators have reached a consensus to temporarily suspend notarization services; the team has also requested exchanges and mining pools to voluntarily pause related operations during the development of a recovery plan. The Pirate Chain network remains operational at present. The Pirate Chain team is investigating the incident and collaborating with the broader community to develop solutions.
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