Citing BitJie, Cardano founder Charles Hoskinson has refuted misinformation following a major chain split on November 21, which led to a 16% drop in ADA's price. The split was triggered by a malicious transaction exploiting a 2022 deserialization vulnerability, causing a temporary network partition. Hoskinson clarified the situation on X, urging supporters to share the facts amid rumors. The Cardano network resumed normal operations via the Ouroboros consensus within 24 hours. A developer, 'Homer J,' admitted responsibility, claiming the act was a misguided attempt to replicate testnet anomalies. Hoskinson, however, labeled the incident as premeditated and linked to personal disputes, with FBI involvement reported. ADA's price remains under pressure, trading near $0.41 with technical indicators suggesting a prolonged bearish trend.
Hoskinson Addresses Cardano Chain Split and FUD Amid ADA Price Drop
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