CEASE ALL ECONOMIC ACTIVITY INVOLVING ZANO AND fUSD IMMEDIATELY. The $Zano blockchain will be rolled back by approximately 24 hours. More information will follow.
Update on the Gateway Address vulnerability
The network is stable. The team is working on a process to recover affected balances. ZANO supply and emission will remain unchanged. Funding will come from the dev fund, team members’ personal funds, and contributors who have committed support.
Current priorities for the Zano core team:
🔹 Recovery for affected users. We are working with partners and counterparties to verify affected activity and finalize how recoveries will be handled. No action is needed from affected users right now, and we will share clear instructions as soon as possible.
🔹 Supporting exchanges and service operators. Every exchange, wallet and payment service implements the update on their own side, and we are supporting them by answering technical questions, walking through what they need and confirming their setup before they go live again. Several are already well on their way, and each one will announce when they are ready.
🔹 The post-mortem. This will cover the incident, the response and the steps that follow from it, including an analysis of the Gateway Address code so that we can say with confidence what was affected and what was not. It will be published once that analysis is complete.
The community's support throughout this process has been remarkable, and we’re incredibly grateful.
A recovery update will follow with where things stand across wallets, services and exchanges.
Zano network update: Recovery solution for Gateway Address vulnerability
The core team has identified a serious issue involving Gateway Addresses, which enabled unauthorized ZANO and fUSD to enter circulation.
Our investigation has found no compromise of wallet spend keys or ordinary transaction privacy. Zano core consensus is unaffected.
The team has developed a solution to eliminate all unauthorized activity with a coordinated network upgrade. To ensure full network integrity, the Zano blockchain has been restarted from block height 3,833,000, immediately prior to Hard Fork 6. This affects approximately one month of chain history. The recovery requires participating nodes, miners, stakers, and services to adopt the update.
We are relaunching services such as the mobile wallet node and the wrap service one by one. It is up to each third-party wallet, exchange, and service to update on their own behalf. Before sending funds to or from any of them, check that they have moved to the recovered chain.
Transactions confirmed during the affected period are not part of the recovered chain. Keep transaction IDs and trade records, and do not resend a payment until you have updated your wallet and checked its final status on the recovered chain.
If you run a full node, mine, stake, operate a pool, or provide exchange, bridge, or payment services, please install the emergency release as soon as possible. Use only https://t.co/Owl0dihhYd or the official GitHub releases page, and verify the published checksums. Ordinary wallet users can now download the updated wallet from our website as well. Seed phrases are not required to perform this upgrade.
This update removes all unauthorized activity from Zano's chain. It cannot affect payments already settled in USDT, DAI, or other assets on separate networks. The team is working with affected projects and counterparties to account for any losses and will publish the reimbursement and claims process.
Real people and businesses have been affected. We intend for the community to be made whole throughout this process. Certain community members have already pledged support to ensure that assets are restored.
Pushing innovation carries risk, and this is a clear example. Serious incidents have occurred elsewhere: Bitcoin recovered from an exploited supply bug and chain reorganization in 2010; Zcash recently patched a potential counterfeiting flaw before any known exploitation; and Ethereum made an exceptional state change after the DAO attack. Each case was different, and none diminishes the harm here. We will publish the technical cause, the results of reviewing adjacent Gateway Address code, and the criteria for safely resuming activity. Confidence must be earned through that work, and the team is committed to working with the community to deliver on these efforts.
@cryptonadafomo All the various mining pools, mining users, staking users, wallets, and exchanges, have all decided that it’s a good idea to do this. There’s no single controlling entity or decisionmaker.
It’s time KYC and AML rules die.
The entire concept never made sense.
It ads friction. It’s an illegitimate and unethical use of government power. It does no net good and stops virtually no crime.
Time for it to go.
CEASE ALL ECONOMIC ACTIVITY INVOLVING ZANO AND fUSD IMMEDIATELY. The $Zano blockchain will be rolled back by approximately 24 hours. More information will follow.
Security update and coordinated upgrade:
The core team has identified a vulnerability in public Gateway Addresses that affects asset issuance, including fUSD.
Transaction privacy is unaffected, and no spend keys or wallets are compromised.
We will coordinate a network upgrade asap. It requires majority consensus to activate, so we ask node operators, pools, and exchanges to be ready to update. No action is needed from ordinary users beyond upgrading when the release is published.
A full technical write-up will follow after the upgrade is in place.
Roughly 10% of consumer payments in the US are made in physical cash.
Best thing about paper money? It’s generally untraceable.
Zano devs basically added a privacy layer to the US Dollar, so digital dollars can now be untraceable too.
It’s called Freedom Dollar. @freedomdollar5
FREEDOM WALLET is live on Play Store, the user interface is sleek, simple and so easy to navigate.
Third frame shows how you can deposit with other cryptocurrency and it'll directly swap into $fUSD and land in your wallet.
Go download yours for smooth $fUSD $ZANO transactions.