Cardano Faces FBI Investigation Following Network Disruption

The Cardano blockchain network experienced a significant disruption on November 21, triggering a chain of events that has now drawn federal law enforcement attention. Rather than originating from an external hacker, the incident appears to stem from actions taken by a community member, sending shockwaves through the cryptocurrency ecosystem and causing substantial market volatility.

Cardano’s native token ADA witnessed a dramatic 19% price decline in the days following the network incident. Trading activity surged to $1.3 billion as market sentiment deteriorated, with the Crypto Fear & Greed Index plunging to extreme fear levels at 11. Multiple exchanges and decentralized platforms temporarily suspended deposit and withdrawal functions as a precautionary measure, though services are gradually Read more...