$ONE Token Drops More Than 50% After Harmony Hack
According to analysts, the attacker exploited a vulnerability in Harmony’s Layer-1 blockchain and illegally minted around 4 billion ONE tokens, equal to roughly 26% of the token’s total supply.
The project team is working to freeze the funds linked to the attack and fix the vulnerability. A network rollback is also being considered as a possible solution.
Following the attack, $ONE fell by more than 50%.
According to analysts, the attacker exploited a vulnerability in Harmony’s Layer-1 blockchain and illegally minted around 4 billion ONE tokens, equal to roughly 26% of the token’s total supply.
The project team is working to freeze the funds linked to the attack and fix the vulnerability. A network rollback is also being considered as a possible solution.
Following the attack, $ONE fell by more than 50%.