Core DAO is coordinating an emergency hard fork after a small number of validators claimed more CORE rewards than the blockchain intended to issue. In its latest update, the project said that the incident has been contained and that validators who exploited the issue can no longer continue pulling excess rewards. The planned fork is described as a forward upgrade, not a rollback of the network. Core DAO also repeated earlier assurances that user funds are safe and that the problem was limited to reward issuance.

Core DAO first drew attention to the problem in a status update on Monday, when it said that some validators had accrued rewards significantly above the protocol’s intended issuance. The project said the incident was limited to reward issuance and that user assets remained safe. It said a technical review was underway and that a postmortem would be shared with the community. Core did not initially explain how much CORE had been created or how the activity had been carried out.

Emergency hard fork and forward upgrade

A hard fork is a permanent change to a blockchain’s consensus rules. It normally requires node operators, validators, and application developers to update their software so that the

Source: Cointelegraph News