Casper Network Halts Operations Due to Security Breach
- Casper Network says it halted network after discovering major security breach
- Casper Network said in an update that the team identified and contained the threat.
- The Casper Association, Casper Labs, and the validator/community are working together to fix this vulnerability.
Casper Network, a smart contract blockchain platform, announced through X that it has stopped its network operations due to security vulnerabilities.
In a statement to Casper Network users and the broader crypto community, the Casper team noted that it has worked with the validator to halt operations and mitigate the potential impact of the breach.
“We have discovered a significant security vulnerability in the Casper network. To minimize the impact of this security vulnerability, we have worked with validators to halt the network until this security vulnerability is patched.
Security Breach Contained
Casper added that the temporary network suspension will remain in place until the security team fixes the vulnerability.
According to the announcement, efforts to resolve this issue involve the Casper Association, Casper Labs, and the crypto project’s validator community.
The Casper Association, Casper Labs, and the validator/community are actively working to resolve this issue. The network was down and the security breach contained. The issue has been identified and a solution is being worked on. Further updates will be provided.
— Casper (@Casper_Network) July 27, 2024
Casper Network also released an update stating that its team had discovered the issue and managed to contain it. However, the platform is still working on solutions to the security vulnerabilities and will provide further updates to the community.
Market Response
As of this writing, the Casper (CSPR) token is changing hands for approximately $0.019.
