Cardano experiences a chain split due to a malformed delegation transaction; Intersect confirms no user funds were lost
Jinse Finance reported that the Cardano blockchain split into two chains due to a software bug triggered by a malformed delegation transaction. This transaction was validated on the new version nodes but rejected by the old version software, resulting in a network fork. According to an incident report by Cardano ecosystem governance organization Intersect, this "toxic" transaction exploited a vulnerability in the underlying software library, splitting the network into a "poisoned" chain containing the transaction and a "healthy" chain without it. Co-founder Charles Hoskinson initially claimed this was a "premeditated attack," but later an X user, Homer J., publicly took responsibility, stating that he acted negligently while attempting to reproduce the "bad transaction" and relied on AI-generated instructions. The user stated there was no malicious intent and no financial gain. Intersect confirmed that no user funds were lost and that most retail wallets were unaffected. The ADA token price dropped by more than 6% due to this incident.
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