Breaking: Harmony token plunges ~40% after suspected exploit mints ~4B coins (26% of supply); bridge paused, exchanges asked to freeze four wallets
AI Market Summary
Harmony's ONE token sold off sharply after an apparent exploit reportedly minted ~4B new tokens (~26% of supply). The team paused its bridge and requested exchanges freeze four linked wallets, signaling active incident response but also near-term uncertainty around circulating supply integrity and market functioning. The event raises counterparty and operational risk concerns for Harmony-linked venues and liquidity, likely pressuring risk appetite toward the ecosystem.
Impact level
● High
Affected assets
ONE/USDT-40.02%
AI Insight · ONE/USDTAI Insight
▼ Bearish
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Harmony's native token fell about 40% after what appears to be an exploit that minted roughly 4 billion new tokens, equivalent to 26% of the existing supply. The team said it has paused the Harmony bridge and has asked cryptocurrency exchanges to freeze four linked wallets.
