Core DAO's biggest DEFI platform release update on staking

Staking Rewards Paused Across All Core Products

@Coredao_Org has suspended staking reward emissions following a malicious validator attack on its network. The suspension covers all forms of Core staking, including products offered through @b14g_network, specifically b14g, dualCORE, stCORE, and direct validator staking. Users should expect a temporary 0% APY with no additional rewards distributed until emissions resume.

According to @b14g_network, user funds remain 100% secure and no action is required from b14g depositors. The platform has committed to keeping users informed as the situation develops.

Core first disclosed the problem on August 31, when it said a small number of validators were accruing block rewards significantly above the amount intended under the protocol. Validator rewards had exceeded the protocol's intended levels for a small group of validators, and Core said it had identified the root cause and was working on mitigations.

Issue Contained, Emergency Hard Fork Planned

Core has since confirmed the incident was contained and that malicious validators can no longer draw excess rewards. The planned network upgrade will be a forward-only fix and will not roll back or reverse any previously confirmed transactions.

$CORE has a hard cap of 2.1 billion tokens, with roughly 40% allocated to node mining rewards distributed over an 81-year emission schedule. Core has not disclosed how much additional CORE was issued, how long the exploit lasted, or whether any of the excess tokens entered circulation.

Several exchanges restricted $CORE transfers around the time of the incident. Coinbase paused sends and receives on the Core network, while Bithumb and Coinone suspended deposits and withdrawals, citing suspected or confirmed security concerns. Bitget also suspended CORE deposits and withdrawals, citing wallet maintenance, while LBank suspended deposits due to what it described as the project's requirements.

Core described the incident as limited to reward issuance, and said network security and custody were unaffected. By September 1, the team said the activity had been contained and moved to coordinate an emergency hard fork with its validator set. Core has not published an activation time for the upgrade or disclosed the technical vulnerability that allowed the excess rewards to be claimed. A full technical postmortem is expected to follow.

For now, @b14g_network users are advised to hold their positions and await further updates as @Coredao_Org works toward restoring normal staking emissions.

Sources:
Crypto Briefing: Core DAO Plans Emergency Hard Fork After Validators Draw Excess Rewards
CoinTelegraph: Core DAO Plans Hard Fork Over Excess Validator Rewards
CryptoSlate: Validator Reward Failure on Core DAO Triggers Exchange Transfer Blocks