Harmony's ONE token fell about 26% after an attacker exploited a vulnerability to create roughly 4 billion new tokens, increasing the supply by over 25%. The Harmony team confirmed the incident, is working with exchanges to freeze affected funds, and is preparing a software patch and possible blockchain rollback to reverse the damage. This incident follows previous security breaches, including a $100 million bridge hack in 2022 and a bug in 2023 that minted 146.3 million tokens improperly. The situation is ongoing, with further updates expected as Harmony investigates the vulnerability and finalizes recovery steps.
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...
Cryptocurrency prices are fluctuating with Bitcoin trading slightly down at around $64,095. Ethereum and Binance Coin are up by over 1%, while several altcoins like Chainlink (LINK) and Curve (CRV) have seen gains above 3%. Some tokens, including UNI...
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,...
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...
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...
