Core DAO is coordinating an emergency hard fork after validators on the Core network claimed more CORE rewards than the protocol intended to distribute. The project said the incident involved excess reward issuance, not a loss of user funds, and that the planned upgrade would preserve blockchain history.
In a statement, Core said the issue had been contained and that malicious validators could no longer draw extra rewards. It described the fork as a forward upgrade rather than a rollback, emphasizing that previously confirmed transactions will not be reversed and the network will not be reset to an earlier state.
Validators are node operators that play a central role in maintaining a blockchain. On the Core network, they help process transactions and secure the chain, and they receive CORE rewards as compensation. When rewards are paid out incorrectly, the economic stability of the network can be called into question, especially if the excess tokens enter public markets.
What happened on the Core network
Core’s earlier status update said a small number of validators had accrued rewards significantly above the protocol’s intended issuance. The wording suggested the problem was isolated to the reward distribution mechanism rather than to user wallets or smart-contract balances. The team also said it would publish a technical postmortem after completing its review.
The distinction is important in blockchain security incidents. Some exploits allow attackers to drain user funds or take control of applications. In this case, Core has maintained that ordinary users were not directly harmed and that the primary issue was an accounting or protocol-level flaw that let certain validators receive more tokens than they should have.
Despite that reassurance, the lack of immediate transparency created uncertainty. Core did not disclose how much excess CORE had been generated, how long the abnormal activity continued before it was stopped, or whether any of the additional tokens were moved to
Source: Cointelegraph News