CoinDesk·4 min read·medium
Harmony’s ONE dives 26% after attack appears to create tokens equal to quarter of supply
S
Shaurya Malwa
✦AI Summary
The Harmony blockchain network experienced an exploit that resulted in the unauthorized creation of ONE tokens, increasing the supply by approximately 26%. The team is currently working on a software patch and considering a network rollback to mitigate the damage.
Harmony confirmed the attack in an X post and said it is working with exchanges to freeze the funds and preparing a software fix.
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