Pirate Chain Says Exploit Minted 39.8 Million ARRR, Expanding Supply 20%
- —Vulnerability found Oct. 14 and disclosed Oct. 15; about 39.8 million ARRR minted
- —Newly created coins went straight into the Sapling shielded pool, making their movement untraceable
- —Exchange NonKYC flagged suspicious deposits, restricted the account and blocked withdrawals
- —dPoW notarizations suspended as a precaution; exchanges and pools asked to pause
Why it matters: The incident directly inflated a privacy chain's supply by 20%, threatening an ARRR price collapse and raising doubts about the security of shielded-transaction networks.
Source: Cryptonews.net