October 15th 2026, 11:38 PM
Pirate Chain Rollback Plan Aims to Erase 39.8 Million ARRR Tokens
Key Summary
Pirate Chain has been exploited for 39.8 million ARRR tokens, and the team proposes a blockchain rollback to erase the tokens. The rollback requires coordination among exchanges, miners, and node operators. The incident highlights the need for robust security measures and regulatory compliance in the cryptocurrency space.
Please see our real time news feed on our Home Page
What Went Wrong
Pirate Chain, a privacy coin that shields every transaction by design, has a counterfeiting problem. A flaw in its source code allowed someone to mint around 39.8 million ARRR without authorization, roughly 20% of the token’s total supply at the time.The Response
The network is still running. Users, however, have been told to keep their hands off their wallets while developers work out how to undo the damage.What This Means
The rollback itself is a test. It requires coordination among exchanges, miners, and node operators, which is why the voluntary pause matters. If major participants keep processing blocks on the old chain, the recovery gets messier.#PirateChain#ARRR#BlockchainSecurity#CryptoExploit