Casper Network Security Incident Report: Estimated total amount of illegal transactions is approximately $6.7 million, with 13 wallets affected

ChainCatcher news, Casper Network released a preliminary report on the security incident from July 26, in which a total of 13 accounts were found to have security vulnerabilities, with an estimated total of illegal transactions amounting to approximately $6.7 million. Unauthorized access was due to a vulnerability that allowed attackers to gain higher access to resources through a privilege escalation flaw. It is noteworthy that this is unrelated to the platform's architecture or consensus mechanism. The Casper Association took immediate action to mitigate 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 address any potential shortfalls. As the authorities' investigation is not yet complete, no further comments can be made at this time. More information will be shared when available. Validators will hold a meeting on Wednesday, July 31, 2024, at 14:00 UTC. Details of the upgrade will be provided during that meeting. Once the validators accept the upgrade, they will immediately resume consensus and block production.