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 considering rollback options. This incident caused a sharp 26% drop in ONE's price amid increased trading volume. Harmony has not confirmed the exact amount minted or identified the root cause, but analyst reports suggest about 2.8 billion tokens reached exchanges. This is not Harmony's first token creation issue, following a previous staking bug in 2023 and a major hack in 2022. The next steps depend on exchange cooperation and technical fixes to restore network integrity.
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...
