Pirate Chain Suffers Attack, Token Supply Increases by 20%

PANews, October 16: Pirate Chain has released an update on its investigation into the exploitation incident. On October 14, a transaction validation vulnerability was discovered in Pirate Chain’s source code, resulting in the unauthorized creation of approximately 39.8 million ARRR tokens, increasing the total token supply by about 20%. These newly generated tokens were immediately transferred into the Sapling privacy pool. Non-KYC platforms subsequently detected suspicious deposits, restricted associated accounts, and blocked withdrawals. The exploitation combined two failed validation checks: one bypassing the minting limit check, and another involving an incorrect parsing of the output script.