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Harmony's ONE token plunges 40% after exploit mints 26% of supply; Bitcoin steady near $64K ahead of U.S. inflation data.

Market News
12 Aug 2026
Coindesk
View Source
Neutral
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Harmony blockchain suffered an exploit where an attacker minted about 4 billion ONE tokens, roughly 26% of its supply, causing the token to drop 40% to a record low. Bitcoin remains stable near $64,000 as markets await the U.S. July inflation report, a key event for risk assets. Oil prices hover near $90 amid geopolitical tensions affecting supply. Crypto futures show bearish shifts, with increased shorting on assets like Avalanche and Dogecoin, while altcoins generally face selling pressure. Market volatility expectations remain low ahead of the inflation data, though some traders hedge for potential sharp moves.

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Harmony blockchain hit by exploit minting 4B fake tokens, causing 26-50% price crash

Harmony blockchain hit by exploit minting 4B fake tokens, causing 26-50% price crash

Harmony blockchain suffered a major exploit where about 4 billion ONE tokens, roughly 26% of its supply, were minted fraudulently via a vulnerability involving empty blocks. Over 10,000 transfers sent these tokens to 409 wallets, with 2.8 billion qui...

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Harmony investigates unauthorized mint of 4B ONE tokens, exchanges freeze funds amid price crash.

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Harmony is responding to a suspected exploit where about 4 billion ONE tokens were minted without permission and quickly moved to exchanges. The project is working with exchanges to freeze these funds and has paused its bridge while pushing an emerge...

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Harmony ONE token crashes to all-time low after unauthorized mint of 4 billion tokens.

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Harmony's native token ONE plunged to a record low of $0.0005735 following an exploit that allowed unauthorized minting of about 4 billion tokens, roughly 26% of its supply. The incident caused heavy selling pressure as 2.8 billion of these tokens we...

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Harmony reported a suspected security incident involving the unauthorized minting of roughly 4 billion ONE tokens on its Layer 1 network. The project is collaborating with cryptocurrency exchanges to freeze these funds while developing a patch and co...

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