Core DAO Contained Excess Reward Incident, Plans Emergency Hard Fork

Core DAO has contained an incident where a small group of validators obtained CORE rewards above the protocol's intended issuance, prompting several exchanges to restrict token transfers.

The project began coordinating an emergency hard fork as a forward upgrade on September 1st, which will not roll back the network or reverse confirmed transactions. Assets remain safe, according to Core DAO.

Several exchanges, including Coinbase and Bithumb, restricted CORE deposits and withdrawals while the network investigated the incident.

The project has not disclosed how much excess CORE was issued or whether any of the additional tokens entered circulation.