- The community was informed by the blockchain platform Casper Network that a “serious security breach” that happened yesterday had been contained.
Casper Network halts activities
Today, July 28, the Casper Network team shared a post on X. 1.03% is Casper Network (cspr). Casper Network declared that although the security problem has been limited, it is still working to find a solution. The official X account for the blockchain network also pledged more information throughout the day. It is also mentioned in the message from today that a solution is being developed.
Casper Network, which is presently valued at just over $230 million, informed the X community yesterday, July 27, that there had been a breach in the chain and that all network activity had been suspended.
Nevertheless, despite the blockchain network’s suspension of operations, exchanges are still seeing trading in CSPR, the native cryptocurrency of the Casper Network. CSPR has decreased by almost 15% in the last week.
Additional recent cyberattacks
Over $230 million in customer funds were lost earlier this month due to an attack on the Indian cryptocurrency exchange WazirX. The exchange revealed their contentious socialized user compensation scheme yesterday, allowing impacted consumers to get back at least some of the money they had been stolen.
Crypto.news has previously revealed that a number of thefts and breaches cost users and cryptocurrency platforms $1 billion in total last year.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
