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Pirate Chain Reports Exploit Involving 39.8 Million ARRR

Developers asked users to pause transfers during recovery work; the project said the network is still running.

Updated 1 min read
A schematic ledger shows unauthorized token issuance branching from a cryptocurrency network. / EconoTimes.ai
A schematic ledger shows unauthorized token issuance branching from a cryptocurrency network. / EconoTimes.ai

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Pirate Chain said an exploit resulted in the creation of 39.8 million ARRR tokens. Developers asked users to leave their funds where they are while recovery work continues.

The project said its network remains active. The request applies to users considering transfers during the recovery effort.

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