Harmony Hit by Unauthorized Mint of ~4 Billion ONE Harmony has confirmed an exploit involving the unauthorized minting of approximately 4 billion (ONE) tokens — equal to roughly 26% of the existing supply. Key details: > On-chain analyst Juiceberg reported the mint occurred via empty blocks.
> About 2.8 billion ONE was quickly moved to exchanges.
> Only around 115 million ONE remains on-chain (roughly 2.9% of the minted amount); the vast majority has already been sold or sits in exchange deposit wallets.
> ONE dropped sharply, with reports of declines between 26–40% and a new all-time low in the process.
Harmony stated it is working with exchanges to freeze the funds linked to identified attacker wallets, preparing a software patch, and evaluating potential chain rollback options. The team has also paused related bridge services and urged validators to upgrade. This marks another security incident for the network following earlier issues, including the 2022 Horizon bridge exploit. Harmony Confirms ~4B ONE Unauthorized Mint — Token Crashes as Most Funds Reach Exchanges How effectively can a rollback or freeze contain the damage once the majority of tokens are already on centralized exchanges?
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> About 2.8 billion ONE was quickly moved to exchanges.
> Only around 115 million ONE remains on-chain (roughly 2.9% of the minted amount); the vast majority has already been sold or sits in exchange deposit wallets.
> ONE dropped sharply, with reports of declines between 26–40% and a new all-time low in the process.
Harmony stated it is working with exchanges to freeze the funds linked to identified attacker wallets, preparing a software patch, and evaluating potential chain rollback options. The team has also paused related bridge services and urged validators to upgrade. This marks another security incident for the network following earlier issues, including the 2022 Horizon bridge exploit. Harmony Confirms ~4B ONE Unauthorized Mint — Token Crashes as Most Funds Reach Exchanges How effectively can a rollback or freeze contain the damage once the majority of tokens are already on centralized exchanges?
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $SOL #Altcoin Season#