Harmony’s ONE falls 26% after attacker allegedly mints 4 billion tokens
Harmony said in Asian morning hours it is working with exchanges to freeze funds and preparing a software fix.
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Summary
- Harmony’s ONE token plunged about 26% after an apparent exploit created roughly 4 billion new tokens, increasing the supply by more than a quarter.
- The Harmony team confirmed the incident, said it is working with exchanges to freeze funds, and is preparing a software patch and possible rollback of the blockchain.
- The episode follows earlier security and token-creation issues on Harmony, including a 2022 $100 million bridge hack and a 2023 bug that improperly minted about 146.3 million ONE.
