Zano rolls back a month of transactions as team plans to use personal funds for recovery
Team members’ personal funds and committed contributors are also in the plan, while claims rules and payment amounts remain undisclosed. The post Zano rolls back a month of transactions as team plans to use personal funds for recovery appeared first on CryptoSlate.
Zano’s team says it will draw on the blockchain network’s developer fund, team members’ personal funds and committed contributors to finance recovery from an emergency rollback. The rollback removed roughly a month of previously confirmed transactions from the recovered Zano chain. The team update gives no funding amount or timetable for payments.
The team says the network is stable and it is working with partners to verify affected activity. ZANO supply and emission will remain unchanged, it said. The named sources are a funding plan, not a published guarantee that every loss will be covered. Eligibility rules and a claims process have yet to be released.
Related ReadingZano’s emergency release, published Sept. 27, restarted the chain from block 3,833,000, which the release dates to Aug. 26 at 15:50 UTC. Transactions recorded on the previous chain after that point are absent from the recovered chain.
The core team said a Gateway Address vulnerability had allowed unauthorized ZANO and Freedom Dollar, or fUSD, to enter circulation. It reported no compromise of wallet spend keys or ordinary transaction privacy, while a full post-mortem remains pending. The team also said the rollback cannot undo payments already settled in USDT, DAI or other assets on separate networks. That distinction matters for a swap or trade with a Zano transaction on one side and an external payment on the other.