The post Casper Network Became Victim to a Crypto Hack! appeared on BitcoinEthereumNews.com.

It looks like crypto hackers have become very active this month. We have already seen a few Crypto hacks in the previous weeks of this money. Another breach in security of a crypto project strikes the crypto community on July 27. Casper Network the New Crypto Victim The evening of July 27 sent the crypto community into shockwaves when another crypto hack news came in. Casper Network from their official twitter account informed the community that they have discovered a significant security break on the network. Responding to this breach, Casper Network immediately took action and halted the network to avoid any further harm.  Source : X(formely Twitter) The casper team along with the Casper Association and Casper Labs froze the network at block 3,329,418 with the help of validators. It has been 13 hours and the blockchain is still halted that disallows any kind of action like transactions, minting or staking. The team, from their twitter handle informed the community that the security breach is contained and the issues have been identified. They assured the community that the team is working for a working solution. The Breach Details As of now the team is still analyzing the data to understand the amount of damage that has been done. They have requested the community to have patience till the investigation is completed. Once done, a detailed report will be shared publicly and will be available for everyone along with Casper’s GitHub repository code changed. Source : X(formely Twitter) According to the team, only a few major accounts are impacted. The nature of this attack is still unknown. This has not affected the trading of their native token CSPR on the exchanges. The one after another crypto hacks are spreading fear among crypto communities. Just last week one of the biggest…

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Filed under: News - @ July 28, 2024 8:20 am