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ALERT: Harmony Protocol hit by unauthorized 4B ONE mint; 26% of supply created and 2.8B sent to exchanges as price slid

AI Market Summary
Harmony Protocol reported an exploit involving an unauthorized mint of 4B ONE, representing roughly 26% of supply, with ~2.8B reportedly routed to exchanges amid a sharp selloff. The incident raises immediate concerns around token integrity, bridge/contract controls, and potential forced liquidity events. Coordination with exchanges to freeze funds and a planned patch may limit further damage but near-term confidence and market depth are impaired.
Impact level
● High
Affected assets
ONE/USDT-33.36%
AI Insight · ONE/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Harmony Protocol reported an exploit tied to an unauthorized mint of 4 billion ONE tokens. The incident minted roughly 26% of the token's supply, with about 2.8 billion ONE funneled to exchanges as the price fell sharply. The team said it is coordinating with exchanges to freeze the affected funds and is preparing a patch.
Selected
ONE
ONE-33.33%
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