Zano Reverts Blockchain to Address Inflation Bug
- Zano has reverted its blockchain to block height 3,833,000, erasing a month of transaction history.
- The rollback was implemented to halt unauthorized issuance of ZANO and fUSD tokens due to an inflation bug.
- Freedom Dollar reported millions in losses from counterfeit fUSD issuance and paused token activity.
- The Zano team confirmed that wallet spend keys and transaction privacy were not compromised.
- Participating nodes, miners, stakers, and services must adopt the update for network recovery.
Zano’s unprecedented one-month rollback aims to restore network integrity after an inflation bug led to unauthorized token creation. The move affects all transactions within the last month, with Freedom Dollar absorbing significant losses from counterfeit fUSD tokens.
This action underscores the challenges of maintaining blockchain security while balancing user trust and financial stability in the crypto ecosystem. (Source)
