Casper halts network after security breach

• Casper Network said it halted the network after discovering a significant security breach
• The team has identified the threat and contained it, Casper Network said in an update.
• Casper Association, Casper Labs and validators/community are collaborating to patch the vulnerability.

Casper Network has halted its network operations following a security breach, the smart contracts blockchain platform announced via X.

In the statement targeted at Casper Network users and the broader crypto community, the Casper team noted that it had worked with validators to halt operations and mitigate the potential impact of the breach.

“We discovered a significant security breach on the Casper Network. In order to minimize the effects of this security breach, we have worked with the validators to halt the network until this security breach has been patched,” reads part of the announcement.

Issue contained

The temporary network pause will remain in place until the security team patches the vulnerability, Casper added.

According to the announcement, efforts to address this issue involves the Casper Association, Casper Labs, and the crypto project’s validator community.

Casper Association, Casper Labs and the Validators/community are actively working to resolve the issue. The network has been halted and the security breach is contained. The issue has been identified and a solution is being worked on. Further updates will be provided.

— Casper (@Casper_Network) July 27, 2024

Casper Network also posted an update indicating that its team had identified the issue and managed to contain it. However, the platform is still working on a solution to the security breach and will provide a further update to the community.

The Casper (CSPR) token changed hands around $0.019 at the time of writing.