Cardano Experiences Brief Chain Split Due to Code Issue, Yet ADA Remains Resilient

Network Incident: The Cardano network experienced a temporary chain split due to a "malformed" delegation transaction that exploited an old code bug, leading to a disagreement among nodes on transaction processing.

Response and Investigation: Staking pool operators were advised to update their software to resolve the issue, while Cardano founder Charles Hoskinson indicated that the FBI is investigating the incident, which he described as a serious attack on the network.

Community Reactions: The incident sparked debate within the Cardano community, with some viewing it as a necessary exposure of critical bugs, while others criticized the actions of the staking pool operator responsible for the split.

Market Impact: Despite the chain split, the price of ADA saw only a modest decline amid a broader downturn in the crypto market, dropping from $0.44 to around $0.40, as the incident went largely unnoticed by the wider community.