Core DAO is coordinating an emergency blockchain upgrade after identifying validators that collected more CORE rewards than the protocol intended to distribute.
According to Core, the issue affected the validator-reward system rather than user balances, and the network says user assets remained secure throughout the incident.
Core said the exploit has been contained and that the validators involved can no longer continue drawing excess rewards.
The network is now preparing an emergency hard fork designed as a forward upgrade. Core says it does not plan to roll back the blockchain or reverse transactions that have already been confirmed.
Several important questions remain unanswered. Core had not publicly disclosed the total quantity of improperly issued CORE, the exact period during which the activity occurred or whether all excess tokens remained outside market circulation.
The project also had not yet published the technical mechanism that allowed the validators to accumulate excess rewards, though a postmortem has been promised.
The lack of a rollback reduces disruption for ordinary users but means the market will need clarity on how the excess issuance is ultimately addressed.
TOKEN RECON ASSESSMENT
Treat this as a live protocol-security incident until the postmortem is complete.
Core says funds are safe and the immediate vector is contained, but recon should remain focused on the size of excess issuance, whether affected tokens entered circulation and whether the emergency fork completely eliminates the underlying vulnerability.
Source: Core DAO statements via Cointelegraph.
