ChainCatcher news, Casper Network released a preliminary report on the July 26 security incident, in which 13 accounts were detected to have security vulnerabilities, and the total amount of illegal transactions was estimated to be about 6.7 million US dollars. The unauthorized access was caused by a vulnerability that allowed attackers to gain higher access to resources through privilege escalation vulnerabilities. It is worth noting that this has nothing to do with the platform's architecture or consensus mechanism. The Casper Association took immediate action to reduce further risks.
Casper Network stated that the Casper Association is working directly with the affected parties and expects to recover a significant amount of funds, and will implement further compensation procedures to make up for any potential shortfalls. As the investigation by the authorities is not yet complete, no further comment can be made at this time. More information will be shared when available. Validators will meet at 14:00 UTC on Wednesday, July 31, 2024. At that meeting, details of the upgrade will be provided. Once the validators accept the upgrade, they will immediately resume consensus and block minting.
