Casper Network Halts Its Network Operations Following a Security Breach

Casper Network has halted its network operations following a security breach, the smart contracts blockchain platform announced via Twitter.

Casper Network (CSPR) has halted its network operations following a security breach, the smart contracts blockchain platform announced on July 27.

In a statement targeted at Casper Network users and the broader crypto community, the Casper team noted that it had worked with validators to halt operations and mitigate the potential impact of the breach.

“We discovered a significant security breach on the Casper Network. In order to minimize the effects of this security breach, we have worked with the validators to halt the network until this security breach has been patched,” reads part of the announcement.

The temporary network pause will remain in place until the security team patches the vulnerability, Casper added.

According to the announcement, efforts to address this issue involves the Casper Association, Casper Labs, and the crypto project’s validator community.

“Casper Association, Casper Labs and the Validators/community are actively working to resolve the issue. The network has been halted and the security breach is contained. The issue has been identified and a solution is being worked on. Further updates will be provided,” Casper Network said in a follow-up tweet.

Casper Network also posted an update indicating that its team had identified the issue and managed to contain it. However, the platform is still working on a solution to the security breach and will provide a further update to the community.

At the time of writing, the Casper (CSPR) token changed hands around $0.019, according to CoinGecko.