Zano rolls back a month of transactions as team plans to use personal funds

Zano's rollback removed roughly a month of previously confirmed transactions from the recovered chain. Its team says it will use the developer fund, members' personal funds and committed contributors to finance recovery. The team has not published a funding amount or payment timetable. Eligibility rules and a claims process have not been released. The funding plan does not guarantee that every loss will be covered. Zano's Sept. 27 emergency release restarted the chain from block 3,833,000. The release dates that block 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. The core team said the rollback cannot undo payments already settled in USDT, DAI or other assets on separate networks. Zano says affected users need take no claims action yet. Its verified forum account advised users to save transaction IDs and trade and exchange records. The account said users can open a support ticket, but claims cannot be preapproved before the rules are published. The core team told users to update their wallets and check a payment's final status on the recovered chain before resending it. Each exchange, wallet and payment service must make its own update and announce when ready. The team says ZANO supply and emission will remain unchanged. Zano has promised a further update on wallets, services and exchanges and a post-mortem of the Gateway Address flaw.