🚨 JUST IN: Harmony’s $ONE Token Hit by Apparent Exploit
Harmony’s $ONE token has plunged around 40% after an apparent exploit reportedly minted nearly 4 billion new ONE tokens — roughly 26% of the existing supply.
The team has paused its bridge and asked exchanges to freeze four linked wallets as it investigates the incident.
This is another reminder that unexpected token issuance can create massive selling pressure almost instantly.
⚠️ Markets are watching closely for further details and the team’s response.
#Harmony #ONE #Crypto #DeFiLiquidity t #DeFi
Harmony’s $ONE token has plunged around 40% after an apparent exploit reportedly minted nearly 4 billion new ONE tokens — roughly 26% of the existing supply.
The team has paused its bridge and asked exchanges to freeze four linked wallets as it investigates the incident.
This is another reminder that unexpected token issuance can create massive selling pressure almost instantly.
⚠️ Markets are watching closely for further details and the team’s response.
#Harmony #ONE #Crypto #DeFiLiquidity t #DeFi