Pirate Chain exploit mints around 39.8 million ARRR, team proposes rollback
Pirate Chain experienced a counterfeiting problem due to a validation flaw tied to the Ironwood upgrade, allowing an attacker to mint approximately 39.8 million ARRR, about 20% of the total supply. The network is still running, but users are advised to hold off on moving funds while developers propose a blockchain rollback to revert the network to its state before the exploit.