The post Cardano Network Hit With a Temporary Chain Split, but ADA Barely Moves appeared on BitcoinEthereumNews.com. The Cardano network suffered a temporary chain split on Friday, due to a “malformed” delegation transaction, transactions to delegate ADA (ADA) to a staking pool, which are valid on the protocol level but can cause code malfunctions that affect network functionality. This “malformed” transaction exploited an old code bug in the underlying software library used by the Cardano blockchain, resulting in a network partition due to a disagreement in how nodes processed the transaction, according to an incident report from Cardano ecosystem organization Intersect. Staking pool operators were directed to download the latest version of the node software to fix the issue and reconstitute the split chain into a single blockchain history.  However, the split has led to concerns about orphaned transactions and potential ADA double-spends that have caused economic damage to some users. Source: Homer J The exploit was caused by an ADA staking pool operator known as Homer J, who used AI-generated code to push the transaction and has accepted responsibility for causing the network partition.  The temporary split caused a debate within the Cardano community, with some arguing that Homer J’s actions helped expose critical bugs and others, like Cardano founder Charles Hoskinson, calling it an attack on the Cardano network. Related: 5-year Cardano hodler loses 90% of $6.9M ADA in bungled swap Charles Hoskinson says the FBI is now investigating, but markets barely noticed the split The US Federal Bureau of Investigation (FBI) was contacted and is investigating the incident, according to Hoskinson. In a separate video statement, Hoskinson said: “This kicked a hornet’s nest, and in many jurisdictions, this is a felony — a very serious one. It’s tampering with and damaging a digital network. Maybe it’s shits and giggles, and they think it’s just fun and games — ‘oh, look, we kicked Charles’s toy.’ … The post Cardano Network Hit With a Temporary Chain Split, but ADA Barely Moves appeared on BitcoinEthereumNews.com. The Cardano network suffered a temporary chain split on Friday, due to a “malformed” delegation transaction, transactions to delegate ADA (ADA) to a staking pool, which are valid on the protocol level but can cause code malfunctions that affect network functionality. This “malformed” transaction exploited an old code bug in the underlying software library used by the Cardano blockchain, resulting in a network partition due to a disagreement in how nodes processed the transaction, according to an incident report from Cardano ecosystem organization Intersect. Staking pool operators were directed to download the latest version of the node software to fix the issue and reconstitute the split chain into a single blockchain history.  However, the split has led to concerns about orphaned transactions and potential ADA double-spends that have caused economic damage to some users. Source: Homer J The exploit was caused by an ADA staking pool operator known as Homer J, who used AI-generated code to push the transaction and has accepted responsibility for causing the network partition.  The temporary split caused a debate within the Cardano community, with some arguing that Homer J’s actions helped expose critical bugs and others, like Cardano founder Charles Hoskinson, calling it an attack on the Cardano network. Related: 5-year Cardano hodler loses 90% of $6.9M ADA in bungled swap Charles Hoskinson says the FBI is now investigating, but markets barely noticed the split The US Federal Bureau of Investigation (FBI) was contacted and is investigating the incident, according to Hoskinson. In a separate video statement, Hoskinson said: “This kicked a hornet’s nest, and in many jurisdictions, this is a felony — a very serious one. It’s tampering with and damaging a digital network. Maybe it’s shits and giggles, and they think it’s just fun and games — ‘oh, look, we kicked Charles’s toy.’ …

Cardano Network Hit With a Temporary Chain Split, but ADA Barely Moves

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

The Cardano network suffered a temporary chain split on Friday, due to a “malformed” delegation transaction, transactions to delegate ADA (ADA) to a staking pool, which are valid on the protocol level but can cause code malfunctions that affect network functionality.

This “malformed” transaction exploited an old code bug in the underlying software library used by the Cardano blockchain, resulting in a network partition due to a disagreement in how nodes processed the transaction, according to an incident report from Cardano ecosystem organization Intersect.

Staking pool operators were directed to download the latest version of the node software to fix the issue and reconstitute the split chain into a single blockchain history. 

However, the split has led to concerns about orphaned transactions and potential ADA double-spends that have caused economic damage to some users.

Source: Homer J

The exploit was caused by an ADA staking pool operator known as Homer J, who used AI-generated code to push the transaction and has accepted responsibility for causing the network partition. 

The temporary split caused a debate within the Cardano community, with some arguing that Homer J’s actions helped expose critical bugs and others, like Cardano founder Charles Hoskinson, calling it an attack on the Cardano network.

Related: 5-year Cardano hodler loses 90% of $6.9M ADA in bungled swap

Charles Hoskinson says the FBI is now investigating, but markets barely noticed the split

The US Federal Bureau of Investigation (FBI) was contacted and is investigating the incident, according to Hoskinson. In a separate video statement, Hoskinson said:

Cardano founder Charles Hoskinson provides an update after Friday’s incident that caused a temporary chain split. Source: Charles Hoskinson

But these things impact the lives, money, and commerce of millions of people. It’s like trying to shut down an economy and conduct a cyberattack on a nation-state,” he continued. 

A chain split or any network disruptions are typically significant events for blockchain protocols that negatively impact the price of their native tokens.

However, the price of ADA recorded modest declines during and after the incident, dropping from $0.44 on Friday to about $0.40 at the time of this writing.

ADA declined by a modest amount despite the software bug that caused the temporary Cardano network partition. Source: TradingView

The modest price decline came amid a broad crypto market downturn that began in October when a historic flash crash led to a $20 billion cascade of crypto liquidations — the largest single-day liquidation in crypto history.

No one noticed Cardano’s network partition, “because nobody uses it,” one user said in response to Friday’s incident.

Magazine: Charles Hoskinson, Cardano and Ethereum – for the record

Source: https://cointelegraph.com/news/cardano-chainsplit-ada-hang-on?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Market Opportunity
Cardano Logo
Cardano Price(ADA)
$0.2647
$0.2647$0.2647
-0.74%
USD
Cardano (ADA) Live Price Chart
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 crypto.news@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

Horror Thriller ‘Bring Her Back’ Gets HBO Max Premiere Date

Horror Thriller ‘Bring Her Back’ Gets HBO Max Premiere Date

The post Horror Thriller ‘Bring Her Back’ Gets HBO Max Premiere Date appeared on BitcoinEthereumNews.com. Jonah Wren Phillips in “Bring Her Back.” A24 Bring Her Back, a new A24 horror movie from the filmmakers of the smash hit Talk to Me, is coming soon to HBO Max. Bring Her Back opened in theaters on May 30 before debuting on digital streaming via premium video on demand on July 1. The official logline for Bring Her Back reads, “A brother and sister uncover a terrifying ritual at the secluded home of their new foster mother.” Forbes‘South Park’ Season 27 Updated Release Schedule: When Do New Episodes Come Out?By Tim Lammers Directed by twin brothers Danny Philippou and Michael Philippou, Bring Her Back stars Billy Barratt, Sora Wong, Jonah Wren Philips, Sally–Anne Upton, Stephen Philips, Mischa Heywood and Sally Hawkins. Warner Bros. Discovery announced on Wednesday that Bring Her Back will arrive on streaming on HBO Max on Friday, Oct. 3, and on HBO linear on Saturday, Oct. 4, at 8 p.m. ET. Prior to the debut of Bring Her Back on HBO on Oct. 4, the cable outlet will air the Philippou brothers’ 2022 horror hit Talk to Me. ForbesHit Horror Thriller ’28 Years Later’ Is New On Netflix This WeekBy Tim Lammers For viewers who don’t have HBO Max, the streaming platform offers three tiers: The ad-based tier costs $9.99 per month, while an ad-free tier is $16.99 per month. Additionally, an ad-free tier with 4K Ultra HD programming costs $20.99 per month. The Success Of ‘Talk To Me’ Weighed On The Minds Of Philippou Brothers While Making ‘Bring Her Back’ During the film’s theatrical run, Bring Her Back earned $19.3 million domestically and nearly $19.8 million internationally for a worldwide box office tally of $39.1 million. Bring Her Back had a production budget of $17 million before prints and advertising, according to The Numbers.…
Share
BitcoinEthereumNews2025/09/18 09:23
Forward Industries zet $4 miljard in om Solana bezit uit te breiden

Forward Industries zet $4 miljard in om Solana bezit uit te breiden

Forward Industries gooit het roer om met een flinke financiële zet: het bedrijf lanceert een zogeheten “At The Market” aandelenprogramma van maar liefst $4 miljard. Het programma geeft het bedrijf flexibiliteit om op elk gewenst moment aandelen te verkopen, wat vooral handig is voor het uitbreiden van hun Solana treasury... Het bericht Forward Industries zet $4 miljard in om Solana bezit uit te breiden verscheen het eerst op Blockchain Stories.
Share
Coinstats2025/09/18 01:31
DOT Price Prediction: Polkadot Eyes $1.57 Recovery Amid Neutral Technical Setup

DOT Price Prediction: Polkadot Eyes $1.57 Recovery Amid Neutral Technical Setup

DOT trades at $1.51 with neutral RSI at 49.96, targeting resistance at $1.57 while defending key support near $1.46 in the coming week. (Read More)
Share
BlockChain News2026/03/21 14:11