🚨 #BREAKING : Harmony hit by a MASSIVE 4 BILLION $ONE exploit, token crashes -30%.
The unauthorized mint was equal to roughly 26% of the total supply, with the attacker already moving 2.8B ONE to exchanges, per Juiceberg.
Only 115M ONE remains onchain, while the overwhelming majority has already been sold or is sitting in exchange wallets, potentially ready for further selling.
Harmony has confirmed the exploit and says it is working with exchanges to freeze the funds, while preparing a patch and possible chain rollback.
The unauthorized mint was equal to roughly 26% of the total supply, with the attacker already moving 2.8B ONE to exchanges, per Juiceberg.
Only 115M ONE remains onchain, while the overwhelming majority has already been sold or is sitting in exchange wallets, potentially ready for further selling.
Harmony has confirmed the exploit and says it is working with exchanges to freeze the funds, while preparing a patch and possible chain rollback.