The post A Tragicomic Hack Incident Occurred on Cardano (ADA) – Founder Made a Statement appeared on BitcoinEthereumNews.com. The Cardano (ADA) network experienced a brief chain split. A faulty transaction during ADA delegation triggered a code bug that has been reported to have existed for years, causing some nodes to switch to different chains. However, the network did not stop at any point, the original chain remained “canonical” and there was no need for retroactive editing or central intervention on the ledger. Founder Charles Hoskinson announced that the US Federal Bureau of Investigation (FBI) had become involved in the incident. The development also received a sense of humor from the community, with some users commenting that the chain split “didn’t notice because no one uses it,” which became a trending topic on social media. Hoskinson, noting Cardano’s unexpected resilience, said, “Cardano is working so fast that we forked it, fixed the issue, and found the attacker all in the same day.” According to Hoskinson, the attacker was active in the “Fake Fred” Discord group and is believed to have been personally motivated. The community member who identified himself as the attacker apologized in a lengthy statement. He explained that he initiated the erroneous operation as a “personal technical test,” then relied on AI guidance to block all network traffic on his Linux server. His experiment on the mainnet instead of the testnet led to the chain split. “I had no malicious intent, no financial gain, and I did not sell ADA or take a short position,” the user said, adding that he was “horrified” when he realized the magnitude of the consequences and would accept any potential sanctions. Experts say the incident is considered one of the most challenging tests proof-of-stake networks can face. On many blockchains, a similar attack would have required a centralized response, a chain reset, or a significant loss of funds. Cardano’s automatic recovery… The post A Tragicomic Hack Incident Occurred on Cardano (ADA) – Founder Made a Statement appeared on BitcoinEthereumNews.com. The Cardano (ADA) network experienced a brief chain split. A faulty transaction during ADA delegation triggered a code bug that has been reported to have existed for years, causing some nodes to switch to different chains. However, the network did not stop at any point, the original chain remained “canonical” and there was no need for retroactive editing or central intervention on the ledger. Founder Charles Hoskinson announced that the US Federal Bureau of Investigation (FBI) had become involved in the incident. The development also received a sense of humor from the community, with some users commenting that the chain split “didn’t notice because no one uses it,” which became a trending topic on social media. Hoskinson, noting Cardano’s unexpected resilience, said, “Cardano is working so fast that we forked it, fixed the issue, and found the attacker all in the same day.” According to Hoskinson, the attacker was active in the “Fake Fred” Discord group and is believed to have been personally motivated. The community member who identified himself as the attacker apologized in a lengthy statement. He explained that he initiated the erroneous operation as a “personal technical test,” then relied on AI guidance to block all network traffic on his Linux server. His experiment on the mainnet instead of the testnet led to the chain split. “I had no malicious intent, no financial gain, and I did not sell ADA or take a short position,” the user said, adding that he was “horrified” when he realized the magnitude of the consequences and would accept any potential sanctions. Experts say the incident is considered one of the most challenging tests proof-of-stake networks can face. On many blockchains, a similar attack would have required a centralized response, a chain reset, or a significant loss of funds. Cardano’s automatic recovery…

A Tragicomic Hack Incident Occurred on Cardano (ADA) – Founder Made a Statement

2025/11/24 01:31

The Cardano (ADA) network experienced a brief chain split. A faulty transaction during ADA delegation triggered a code bug that has been reported to have existed for years, causing some nodes to switch to different chains.

However, the network did not stop at any point, the original chain remained “canonical” and there was no need for retroactive editing or central intervention on the ledger.

Founder Charles Hoskinson announced that the US Federal Bureau of Investigation (FBI) had become involved in the incident. The development also received a sense of humor from the community, with some users commenting that the chain split “didn’t notice because no one uses it,” which became a trending topic on social media.

Hoskinson, noting Cardano’s unexpected resilience, said, “Cardano is working so fast that we forked it, fixed the issue, and found the attacker all in the same day.” According to Hoskinson, the attacker was active in the “Fake Fred” Discord group and is believed to have been personally motivated.

The community member who identified himself as the attacker apologized in a lengthy statement. He explained that he initiated the erroneous operation as a “personal technical test,” then relied on AI guidance to block all network traffic on his Linux server. His experiment on the mainnet instead of the testnet led to the chain split. “I had no malicious intent, no financial gain, and I did not sell ADA or take a short position,” the user said, adding that he was “horrified” when he realized the magnitude of the consequences and would accept any potential sanctions.

Experts say the incident is considered one of the most challenging tests proof-of-stake networks can face. On many blockchains, a similar attack would have required a centralized response, a chain reset, or a significant loss of funds. Cardano’s automatic recovery within hours and the preservation of past blocks unchanged serve as a prime example of the network’s resilience.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Source: https://en.bitcoinsistemi.com/a-tragicomic-hack-incident-occurred-on-cardano-ada-founder-made-a-statement/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

China Launches Cross-Border QR Code Payment Trial

China Launches Cross-Border QR Code Payment Trial

The post China Launches Cross-Border QR Code Payment Trial appeared on BitcoinEthereumNews.com. Key Points: Main event involves China initiating a cross-border QR code payment trial. Alipay and Ant International are key participants. Impact on financial security and regulatory focus on illicit finance. China’s central bank, led by Deputy Governor Lu Lei, initiated a trial of a unified cross-border QR code payment gateway with Alipay and Ant International as participants. This pilot addresses cross-border fund risks, aiming to enhance financial security amid rising money laundering through digital channels, despite muted crypto market reactions. China’s Cross-Border Payment Gateway Trial with Alipay The trial operation of a unified cross-border QR code payment gateway marks a milestone in China’s financial landscape. Prominent entities such as Alipay and Ant International are at the forefront, participating as the initial institutions in this venture. Lu Lei, Deputy Governor of the People’s Bank of China, highlighted the systemic risks posed by increased cross-border fund flows. Changes are expected in the dynamics of digital transactions, potentially enhancing transaction efficiency while tightening regulations around illicit finance. The initiative underscores China’s commitment to bolstering financial security amidst growing global fund movements. “The scale of cross-border fund flows is expanding, and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a ‘resonance’ of risks at home and abroad, posing a challenge to China’s foreign exchange management and financial security.” — Lu Lei, Deputy Governor, People’s Bank of China Bitcoin and Impact of China’s Financial Initiatives Did you know? China’s latest initiative echoes the Payment Connect project of June 2025, furthering real-time cross-boundary remittances and expanding its influence on global financial systems. As of September 17, 2025, Bitcoin (BTC) stands at $115,748.72 with a market cap of $2.31 trillion, showing a 0.97%…
Share
BitcoinEthereumNews2025/09/18 05:28