Pirate Chain Exploit Mints 39.8 Million ARRR, Users Told Not to Move Funds

The unusual part is the guidance itself: a chain that stays live while holders are asked to freeze activity, which leaves the network's practical utility suspended even as block production continues. The disclosed figure matters because it is the project's own accounting of unauthorized supply, and any recovery effort now turns on whether that supply can be isolated or absorbed without touching legitimate balances. How the team handles the trade-off between resuming transfers and containing the minted coins is the open question.