🚨 LATEST: Harmony’s $ONE token suffered an exploit that reportedly led to the unauthorized minting of around 4B ONE, equivalent to roughly 26% of the existing supply. 💥 $STORJ
Harmony says it is working with exchanges to freeze the affected funds, while also developing a patch and considering rollback options. Reports indicate around 2.8B ONE was moved toward exchanges after the exploit. $UNI
What this suggests:
• Massive unauthorized issuance creates severe supply dilution $ALLO
• Exchange deposits could create enormous selling pressure
• Harmony may need a rollback or other intervention to contain the damage
• The incident highlights the risks of minting and access-control vulnerabilities
📊 Market takeaway:
🚨 Extremely bearish for ONE in the short term. The token has fallen roughly 38%, while the core issue is whether the unauthorized supply can be frozen or reversed. Until Harmony confirms the root cause and a definitive recovery plan, extreme volatility and downside risk remain.
#one #Token #BinanceP2PAnToan
Harmony says it is working with exchanges to freeze the affected funds, while also developing a patch and considering rollback options. Reports indicate around 2.8B ONE was moved toward exchanges after the exploit. $UNI
What this suggests:
• Massive unauthorized issuance creates severe supply dilution $ALLO
• Exchange deposits could create enormous selling pressure
• Harmony may need a rollback or other intervention to contain the damage
• The incident highlights the risks of minting and access-control vulnerabilities
📊 Market takeaway:
🚨 Extremely bearish for ONE in the short term. The token has fallen roughly 38%, while the core issue is whether the unauthorized supply can be frozen or reversed. Until Harmony confirms the root cause and a definitive recovery plan, extreme volatility and downside risk remain.
#one #Token #BinanceP2PAnToan