BREAKING: Harmony's native token ONE suffers major exploit; ~4B tokens illicitly minted
AI Market Summary
Harmony's native token ONE reportedly suffered a major exploit involving the unauthorized minting of ~4B tokens (~26% of supply), followed by large transfers to exchanges. The sudden supply shock and apparent liquidation pressure undermine token integrity, elevate counterparty risk for ecosystem participants, and can trigger cascading deleveraging across related venues. Near-term market focus is likely on exchange deposit flows, chain remediation, and potential trading halts.
Impact level
● High
Affected assets
ONE/USDT-38.62%
AI Insight · ONE/USDTAI Insight
▼ Bearish
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Harmony's native token, ONE, was hit by a major exploit that resulted in the unauthorized minting of about 4 billion ONE, roughly 26% of the total supply. ONE plunged around 35% after the attacker moved 2.8 billion ONE onto exchanges. Stay SAFU.
