Validators shut down as Secret Network struggles with leadership

SmartStake, a major validator in the Cosmos ecosystem, has announced that it will shut down its nodes following revelations around the Secret Foundation's founder, Tor Bair, personally taking profits.

Timeline of Secret

Whitehat researchers are exposing a vulnerability in an anonymity-focused altcoin project that's had a volatile month price-wise. Security researchers say they found the master decryption key for the whole Secret (SCRT) Network.

An anonymity-focused altcoin is outperforming the rest of the crypto markets as rumors of a European ban on privacy coins circulate. Secret (SCRT) is a privacy-centric chain built on the Cosmos (ATOM) network with end-to-end encryption and smart contracts called “Secret Contracts.