Casper Network Resumes Operations After Security Breach

The Casper Network has resumed its operations following a temporary shutdown caused by a security breach.

On July 31, 64 validators, holding 85% of the network’s staked CSPR, voted to restart validation, bringing the network back online.

According to a recent post, the breach was resolved through a collaborative effort from validators, engineers, and other stakeholders. The network had paused operations in the midst of an active era, complicating the situation. To address this, two blocks with four transactions were removed, which required deploying an updated Casper-node binary and standard configuration files.

Validators were required to manually upgrade and synchronize the nodes in real time. A new tool was also introduced to scan the blockchain from its inception to ensure no further exploitation had occurred. Once 66.7% of the consensus stake approved the restart, the network resumed block creation.

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In contrast to Casper Network’s swift resolution, Indian cryptocurrency exchange WazirX, which also faced a security breach leading to a $230 million theft, has announced its strategy for recovering user funds. Unlike WazirX, the Casper team has made notable progress in diagnosing the root cause of their breach.

Other notable crypto incidents in July include breaches at Compound Finance, Li​.Fi, Bittensor, and Rho Markets, totaling millions in losses.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.