$ONE just got nuked — 4 billion tokens allegedly minted out of thin air.
Here's the damage:
~4B $ONE minted without authorization (26% of total supply)
~2.8B already moving to exchanges
Price dumped 55%, new all-time low at $0.00056
Harmony working with CEXs to freeze funds, shared 4 wallets to block
Patch + possible rollback in the works
Harmony hasn't confirmed the 4B number yet. Total supply endpoint still hasn't updated, so current market cap data is probably wrong.
This is Harmony's third major supply incident:
2022: Horizon Bridge hack
2023: Staking bug
2024: This
Until supply is independently verified, $ONE is radioactive. Stay away.
Here's the damage:
~4B $ONE minted without authorization (26% of total supply)
~2.8B already moving to exchanges
Price dumped 55%, new all-time low at $0.00056
Harmony working with CEXs to freeze funds, shared 4 wallets to block
Patch + possible rollback in the works
Harmony hasn't confirmed the 4B number yet. Total supply endpoint still hasn't updated, so current market cap data is probably wrong.
This is Harmony's third major supply incident:
2022: Horizon Bridge hack
2023: Staking bug
2024: This
Until supply is independently verified, $ONE is radioactive. Stay away.