Casper

Cryptocurrency

Hedera

Security

Read

<ul> 
 <li>Casper Network locked down at block 3,329,418 due to a security breach, halting all transactions.</li> 
 <li>$CSPR trading continues on exchanges despite the blockchain activity freeze.</li> 
 <li>Casper plans detailed breach reports and GitHub code updates following security incidents.</li> 
</ul> 
<p>Casper Network experienced a security breach, prompting a swift response from its team, the Casper Association, CasperLabs, and network validators. The breach led to a temporary network shutdown to mitigate further unauthorized activities.<br><br>Validators took immediate action by locking down transactions at block 3,329,418, era 14544, which included suspending transfers, minting, and staking activities. The Casper Network’s official communication channels have assured stakeholders that the breach has been contained and that a thorough investigation is underway.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Casper Association, Casper Labs and the Validators/community are actively working to resolve the issue. The network has been halted and the security breach is contained. The issue has been identified and a solution is being worked on. Further updates will be provided.</p>— Casper (@Casper_Network) <a href="https://twitter.com/Casper_Network/status/1817252082560258372?ref_src=twsrc%5Etfw">July 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to an announcement on its Telegram group, The team plans to release detailed findings in a post-mortem report and make any necessary code updates publicly available on Casper’s GitHub repository.</p> 
<h2 class="wp-block-heading" id="h-continuing-operations-amidst-the-breach">Continuing Operations Amidst the Breach</h2> 
<p>Despite the halt in blockchain activities, trading of Casper Network’s native cryptocurrency, $CSPR, continues in various exchanges, ensuring that liquidity and access for token holders remain unaffected.</p> 
<p>This includes a collaborative effort among the Casper Association, Casper Labs, and the community of validators, pooling resources and expertise to address and rectify the issue.</p> 
<h2 class="wp-block-heading" id="h-broader-cryptocurrency-security-concerns">Broader Cryptocurrency Security Concerns</h2> 
<p>This incident is part of a larger pattern of security concerns across the cryptocurrency community. For instance, the Scroll network’s Rho Markets recently ceased operations due to a security flaw linked to an Oracle control vulnerability, resulting in unauthorized access to funds valued at approximately $7.6 million.&nbsp;</p> 
<p>Similarly, WazirX, a prominent Indian cryptocurrency exchange, suffered a security breach in July, prompting the implementation of a user compensation and recovery plan. This strategy involved a unique distribution model to mitigate user losses and facilitate recovery processes.An official statement from the Casper Network indicates that the root cause of the breach has been identified, and efforts are underway to implement a robust solution.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also </h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/top-altcoins-for-the-next-market-cycle-potential-100x-surge-is-it-a-buy-or-pass/">Top Altcoins for the Next Market Cycle: Potential 100X Surge- Is it a Buy or Pass?</a></li> 
 <li><a href="https://cryptonewsland.com/balancer-faces-security-breach-users-advised-to-halt-interactions/">Balancer Faces Security Breach: Users Advised to Halt Interactions</a></li> 
 <li><a href="https://cryptonewsland.com/major-security-breach-on-hedera-hashgraph-liquidity-pool-tokens-stolen/">Major Security Breach on Hedera Hashgraph: Liquidity Pool Tokens Stolen</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-data-breach-unveils-vulnerability-in-crypto-infrastructure-a-wake-up-call-for-industry-standards/">Crypto Data Breach Unveils Vulnerability in Crypto Infrastructure: A Wake-Up Call for Industry Standards</a></li> 
 <li><a href="https://cryptonewsland.com/coinstats-security-breach-exposes-2-2-million-in-cryptocurrency/">CoinStats Security Breach Exposes $2.2 Million in Cryptocurrency</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/casper-network-halts-operations-to-address-security-breach/">Casper Network Halts Operations to Address Security Breach</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Casper Network Halts Operations to Address Security Breach

Table of Contents

Crypto News Land

Muita 28. heinäk. 2024 julkaistuja artikkeleja

‘Feels surreal’ — Bitcoin sticks to $68K as market ignores 200K BTC US election pledge

Hong Kong web3 politico Johnny Ng proposes that countries adopt Bitcoin as fiscal reserves

MAGA and TREMP Prices Surge Ahead of Trump’s Bitcoin Conference

Avalanche Collides with the Best Crypto Coin Presale in 2024 in the Meme Coin Universe

New Solana Memecoin Trump Fired Biden (TRUMPBID) Will Surge 17,000% Before First CEX Listing, Whi...

Are Bitcoin whales back?

Join our free newsletter for daily crypto updates!