🚨 Cardano ($ADA ) encountered a chain split issue – Price dropped over 6%

Cardano unexpectedly experienced a blockchain split due to a faulty delegated transaction that surpassed validation at the new node but was rejected by the old node, creating two parallel chains: one "contaminated" and one "healthy".

Quick summary:

📉 Price $ADA dropped over 6% after the incident.

💥 Cause: software error from the underlying library, not detected in time.

👤 The person responsible for the incident (Homer J.) has publicly apologized, stating no malicious intent and no profiteering.

🛠 Developers have patched the issue, requesting a node upgrade to revert to the main chain.

✅ No user assets were lost, and the network was not completely paralyzed.

🔍 The incident is under investigation, with the involvement of the FBI.

What does Cardano say?

The network is still creating blocks normally, just… temporarily lost its way 😅

Exchanges have proactively suspended deposits/withdrawals to ensure safety.

⚠️ This article is for informational purposes only, not investment advice. If you FOMO because you see the price drop and enter a position then… your wallet will hurt, we can only stand by and send positive energy from afar 🌝

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