When Sorry Isn't Enough
Charles Hoskinson revealed Saturday that the Federal Bureau of Investigation is now looking into what he describes as a premeditated attack on the Cardano blockchain. And no, he's not interested in accepting apologies.
The Cardano founder quoted a confession post from the alleged attacker, who goes by the X handle Homer J. In the post, they admitted their "careless" action put the network at risk.
"I've felt awful as soon as I realised the scale of what I've caused," the person wrote. "I am sorry, I truly am. I didn't have evil intentions."
FBI Involvement Changes The Tune
Hoskinson isn't buying it. He said the individual is trying to "walk it back" now that federal investigators are on the case. According to Hoskinson, the attack was premeditated and aimed at damaging the reputation of Input Output Global, the company behind Cardano's development.
An incident report showed that Cardano experienced a temporary chain partition after a malformed transaction exposed a bug in the underlying code. The good news? No user funds were compromised.
Still, the incident adds pressure to ADA, which is already struggling in a weak crypto market. At the time of writing, ADA was trading at $0.4115, up 0.37% in the last 24 hours. The token has dropped 16% over the past week.