Core DAO plans emergency hard fork after validators drew excess rewards
Core says the incident is contained and its planned forward upgrade will not roll back the network or reverse previously confirmed transactions.
Core DAO has announced an emergency hard fork following an incident where validators allegedly received more CORE rewards than intended. The blockchain protocol is designed to issue a specific amount of CORE, but in this case, malicious validators reportedly drew excess rewards. Core has stated that the incident is contained and that the forward upgrade will not roll back the network or reverse any previously confirmed transactions.
The DAO is coordinating the emergency fork to prevent further malicious activity by the validators, who can no longer draw excess rewards. Core has not disclosed the exact amount of excess CORE issued, the duration of the incident, or whether any of the additional tokens have entered circulation. The vulnerability that enabled the excessive rewards remains undisclosed.
Several exchanges temporarily restricted CORE transfers, citing security concerns. Core has promised to publish a technical postmortem detailing the incident and the steps taken to resolve it.
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