Another long-established Layer 1 blockchain, Harmony, has a bug again—$ONE plummets by dozens of points!
The attacker exploited an unoccupied block to mint 4 billion $ONE without authorization. 97% of the freshly minted tokens have already been transferred to a CEX to dump the price, causing a massive crash. The project team has urged CEXs to freeze several transfer addresses in an attempt to regain control of the situation. However, the community is the one most harmed.
$ONE hit an all-time high price of 0.38U, but now it’s only 0.0008U—a drop of over 99%. What does that mean? If someone bought $10,000 at the peak, there’s now only about 20 left!
The attacker exploited an unoccupied block to mint 4 billion $ONE without authorization. 97% of the freshly minted tokens have already been transferred to a CEX to dump the price, causing a massive crash. The project team has urged CEXs to freeze several transfer addresses in an attempt to regain control of the situation. However, the community is the one most harmed.
$ONE hit an all-time high price of 0.38U, but now it’s only 0.0008U—a drop of over 99%. What does that mean? If someone bought $10,000 at the peak, there’s now only about 20 left!