Cardano suffers temporary chain split from code bug, but ADA hangs on

Cardano's blockchain faced a temporary chain split due to an old software bug that was triggered by a malformed delegation transaction. This incident was caused by an ADA staking pool operator named Homer J, who exploited the bug using AI-generated code. As a result, there was a disagreement among network nodes in processing the transaction, leading to orphaned transactions and the potential for double-spends, which some users found economically damaging. Staking pool operators were urged to update their node software to restore the network's integrity. Although such disruptions usually lead to significant price impacts, ADA's price only modestly declined, falling from $0.44 to about $0.40 amid broader market liquidations. The FBI has initiated an investigation into the incident, with Charles Hoskinson expressing the serious ramifications of tampering with a digital network.

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