[Piratechain, vulnerability exposed leading to unauthorized issuance of $9.44M ARRR tokens] Privacy-focused cryptocurrency project Piratechain (ARRR) announced on its official X that approximately 39.8M ARRR (approximately $9.44M) tokens were unauthorized issued due to vulnerabilities exposed in the transaction verification process on the 15th (local time). This amounts to approximately 20% of ARRR token total supply. Regarding this, Piratechain stated "The attacker exploited two vulnerabilities by bypassing issuance verification procedures and inducing output script misinterpretation. The unauthorized issued funds moved to the shielded pool, and due to the anonymity of shielded transactions, it is difficult to completely trace the fund flow. Accordingly, major exchanges were requested to halt ARRR deposits and withdrawals, and dPoW operators also decided to temporarily suspend transaction verification work. The development team is also preparing recovery measures," explaining. According to CoinMarketCap, ARRR is currently trading at $0.2372, down 14.82%. -Coin News
