A day where 4 billion extra tokens appeared out of thin air: Harmony was “copy-paste” hacked—$ONE crashes by 40%

Tonight’s biggest stir in the crypto world isn’t about the big pie—$BTC quietly holds above $64,000. Instead, it’s the public chain Harmony that’s blown up. Attackers exploited a vulnerability to “mint” roughly 4 billion additional ONE tokens out of thin air on-chain, nearly a quarter of the project’s total supply. After the news began to ferment, ONE collapsed by about 40% in a single day, and the entire altcoin sector was shaken to its core.

The real highlight isn’t the “stolen” part—it’s the “money appearing out of nowhere.” It’s not that someone emptied anyone’s wallet; rather, the ledger simply shows a huge amount of balances with no source. It’s like someone randomly entered a string of digits into your bank account. What’s even more troublesome is the aftermath: the team is considering performing a direct rollback, rewinding the entire chain to a point in time before the incident. In this industry, this is historically the most controversial step—essentially forcing all chain users to “run along” while history is deleted.

In the end, on-chain assets fear not the price more than they fear consensus falling apart. The ledger can be rolled back, but people’s minds can’t. The ones who stay and are willing to reconcile the books after something goes wrong are the industry’s true “anchor”—the steadying needle that keeps everything in place. This hard-nosed grit reminds me of the little doggy 🐶 near Lao Ma—laughed at all the way, yet it still stubbornly endured and hard-coded itself into consensus. Anyone can be enthusiastic when the wind is favorable; whether they’re still there when the wind turns—that’s the dividing line.

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