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Harmony Protocol Confirms Irregular ONE Minting, Plans Chain Rollback

AI Market Summary
Harmony Protocol disclosed a major abnormal ONE minting incident caused by a cross-shard receipt validation exploit, with reconstructed issuance reaching ~3.01T ONE. Although the vulnerability is patched and Mainnet v2026.1.1 is deployed, bridge services are suspended and a rollback to block 92,730,034 is being prepared. The event raises immediate concerns around token supply integrity, chain finality, and ecosystem liquidity.
Impact level
● High
Affected assets
ONE/USDT-13.61%
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 said it detected an abnormal minting incident involving ONE on Aug. 12, after an attacker exploited a flaw in cross-shard receipt validation to create counterfeit tokens. The team's investigation found the first mint at 4 billion ONE, while the latest on-chain reconstruction puts total unauthorized issuance at about 3.01 trillion ONE. Harmony has patched the issue and released Mainnet v2026.1.1, deployed at 14:30 (UTC+8) on Aug. 12. Bridge services have been suspended as the protocol works with partners to freeze funds. Harmony also said it is preparing a network rollback to block 92,730,034.
Selected
ONE
ONE-9.63%
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