Harmony's ONE Token Plummets Following Unauthorized Minting Exploit
Harmony's native token, ONE, has seen a dramatic decline of up to 40% following an exploit that allowed an attacker to mint over 4 billion unauthorized tokens. The company is working with exchanges to freeze affected funds and is considering a rollback to reverse the impact of the attack. This incident has raised concerns about the security of the Harmony Protocol.
Reports behind this story
Articles and publisher reports that informed this story.
Harmony’s ONE Plunges 30% After Attacker Mints 4 Billion Tokens
Harmony Protocol’s native token, ONE, fell more than 30% to an all-time low after an attacker exploited the network to mint over 4 billion unauthorized tokens. Token Collapses After 4-Billion Token Minting Exploit Harmony Protocol’s native token, ONE, plunged more than 30% Wednesday to reach an all-time low following an exploit that enabled an attacker […]
Harmony's ONE Sinks 37% After Attacker Mints 4 Billion Tokens
The team is weighing a rollback, which would undo the attack along with every legitimate transaction made since.
Harmony confirms exploit involving unauthorized minting of 4 billion ONE tokens
X user Juiceberg reported earlier that an attacker had minted four billion ONE tokens without authorization.
Harmony considers rollback after suspected exploit inflates ONE supply
Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platforms.
Harmony probes reported 4B ONE mint as price plunges
Harmony is working with exchanges and weighing a rollback after an analyst reported an unauthorized 4 billion ONE mint that sent ONE lower.
Harmony’s ONE dives 40% after an attack appears to mint tokens equal to quarter of supply
Harmony said in Asian morning hours it is working with exchanges to freeze funds and preparing a software fix.