Pirate Chain Exploit Creates 39.8 Million Unauthorized Tokens In Major Security Breach
Summary
Pirate Chain developers disclosed a validation flaw that enabled roughly 39.8 million unauthorized ARRR tokens to be created, a substantial amount relative to the existing supply. They said the issue involved implementation errors, not a demonstrated break in the underlying zero-knowledge cryptography. Privacy features make it difficult to trace the tokens after they enter shielded pools. Exchanges and network participants imposed precautionary restrictions while the team investigated. A patch may prevent further exploitation, but questions remain about the unauthorized tokens, legitimate holders, supply integrity and any recovery measures.
