Pirate Chain exploit mints around 39.8 million ARRR, team proposes rollback
Photo: Crypto Briefing
A validation flaw tied to the recent Ironwood upgrade let an attacker create roughly a fifth of the privacy coin's supply out of thin air Pirate Chain, a privacy coin that shields every transaction by design, has a counterfeiting problem. A flaw in its source code allowed someone to mint around 39.8 million ARRR without authorization, roughly 20% of the token’s total supply at the time. The network is still running. Users, however, have been told to keep their hands off their wallets while developers work out how to undo the damage. The vulnerability surfaced on October 14, 2026.
Also reported by TokenPost, The Defiant.
Source: Crypto Briefing
