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 quickly moved to exchanges, triggering a sharp price drop of up to 50%. Harmony responded by alerting exchanges to freeze funds, patching the vulnerability, pausing its bridge, and considering a blockchain rollback to erase fraudulent transactions. The incident risks diluting existing holders or reversing recent purchases, depending on the rollback decision and exchange actions.
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...
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...
