{"id":35269,"date":"2024-08-01T14:57:01","date_gmt":"2024-08-01T14:57:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/casper-network-resumes-operations-after-the-recent-security-incident\/"},"modified":"2024-08-01T14:57:01","modified_gmt":"2024-08-01T14:57:01","slug":"casper-network-resumes-operations-after-the-recent-security-incident","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/casper-network-resumes-operations-after-the-recent-security-incident\/","title":{"rendered":"Casper Network resumes operations after the recent security incident"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Casper-Network-resumes-operations-after-security-incident-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Casper-Network-resumes-operations-after-security-incident-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Casper-Network-resumes-operations-after-security-incident-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Casper-Network-resumes-operations-after-security-incident-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Casper Network has resumed operations after resolving the recent security breach.<\/li>\n<li>Two blocks were removed; a new Casper-node binary was deployed and scanned.<\/li>\n<li>Other July breaches affected WazirX ($230M), Compound Finance ($24M), and more.<\/li>\n<\/ul>\n<p>The Casper Network has resumed operations following a <a href=\"https:\/\/coinjournal.net\/news\/casper-halts-network-after-security-breach\/\">temporary halt<\/a> due to a security breach.<\/p>\n<p>On July 31, 2024, at 3:18 pm UTC, 64 validators, representing 85% of the staked CSPR, unanimously agreed to resume network validation. This decision marked the network\u2019s recovery and return to full functionality.<\/p>\n<h2>Two blocks removed from Casper blockchain<\/h2>\n<p>The incident highlighted the critical importance of vigilance and proactive measures within the ever-evolving realm of <a href=\"https:\/\/coinjournal.net\/news\/tag\/blockchain\/\">blockchain technology<\/a>.<\/p>\n<p>The Casper team, in collaboration with validators, engineers, and other stakeholders, successfully resolved the breach through a coordinated and decentralized effort.<\/p>\n<p>The disruption, occurring mid-era rather than at its conclusion, presented significant technical challenges.<\/p>\n<p>To address the issue, the network removed two blocks containing four transactions, effectively orphaning these transactions and their impacts on the blockchain.<\/p>\n<p>A new Casper-node binary and standard configuration files were deployed, and a global scan of the blockchain was conducted to detect any other potential exploits.<\/p>\n<p>Validators played a crucial role in the recovery process, manually initiating the upgrade and implementing the new version of the software. This step required precise real-time synchronization.<\/p>\n<p>Once at least 66.7% of the consensus stake approved the node restart, the problematic blocks were removed, and block creation resumed.<\/p>\n<h2>July saw several high-level crypto security breaches<\/h2>\n<p>While Casper Network has made substantial progress in addressing the breach, other crypto entities faced similar incidents in July.<\/p>\n<p>Notably, Indian exchange WazirX experienced a $230 million theft and is strategizing user fund recovery.<\/p>\n<p>Additionally, breaches affected Compound Finance ($24 million), <a href=\"https:\/\/coinjournal.net\/news\/lifi-protocol-loses-over-8m-in-a-cyberattack\/\">Li\u200b.Fi ($8 million)<\/a>, Bittensor, and Rho Markets ($8 million each).<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/casper-network-resumes-operations-after-security-incident\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Casper Network has resumed operations after resolving the recent security breach. Two blocks were removed; a new Casper-node binary was deployed and scanned. Other July breaches affected WazirX ($230M), Compound Finance ($24M), and more. The Casper Network has resumed operations following [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":35270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35269"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35269"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35270"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}