coin-img-SOLSOL+2.72%coin-img-BTCBTC+1.45%coin-img-ETHETH+0.78%coin-img-HYPEHYPE-5.85%coin-img-XRPXRP-2.38%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-3.45%coin-img-PENDLEPENDLE-5.43%coin-img-SOLSOL+2.72%coin-img-BTCBTC+1.45%coin-img-ETHETH+0.78%coin-img-HYPEHYPE-5.85%coin-img-XRPXRP-2.38%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-3.45%coin-img-PENDLEPENDLE-5.43%coin-img-SOLSOL+2.72%coin-img-BTCBTC+1.45%coin-img-ETHETH+0.78%coin-img-HYPEHYPE-5.85%coin-img-XRPXRP-2.38%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-3.45%coin-img-PENDLEPENDLE-5.43%coin-img-SOLSOL+2.72%coin-img-BTCBTC+1.45%coin-img-ETHETH+0.78%coin-img-HYPEHYPE-5.85%coin-img-XRPXRP-2.38%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-3.45%coin-img-PENDLEPENDLE-5.43%

Harmony Protocol Exploited via Unauthorized Minting of 4 Billion ONE Tokens

AI Market Summary
Harmony confirmed an exploit in which an attacker reportedly minted 4B ONE without authorization; ~97% of the proceeds were already moved to exchanges, elevating near-term sell pressure and liquidity stress. Efforts to freeze stolen funds may limit ultimate losses, but the incident undermines protocol security confidence and can trigger risk-off positioning across the Harmony ecosystem (tokens, dApps, and bridges).
Impact level
● High
Affected assets
ONE/USDT-1.93%
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.
On Dec. 11, Layer 1 blockchain Harmony reported a significant security exploit involving the unauthorized minting of 4 billion ONE tokens. According to a report by The Block, the protocol is currently collaborating with industry partners and centralized exchanges to freeze the stolen assets. Investigations reveal that approximately 97% of the illicitly minted proceeds have already been transferred to various cryptocurrency exchanges for liquidation. The Harmony team is actively working to mitigate the impact of the breach and secure the network. This incident highlights ongoing vulnerabilities in Layer 1 infrastructures, and the team is monitoring on-chain movements to prevent further asset dissipation while investigating the root cause of the unauthorized minting event.
ONE
ONE-1.56%
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