🔍Market Summery

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Harmony to Conduct Scheduled Maintenance on August 20th

Harmony to Conduct Scheduled Maintenance on August 20th

Harmony began the second rollback-recovery stage on August 20th after reaching quorum on shards 0 and 1.Validators that completed the first stage need to follow the recovery procedure. Network health and resumed block production will be checked before the next status update.Refer to the official twe…

Harmony plans pre-attack rollback after exploiter forged 3 trillion ONE tokens

Harmony plans pre-attack rollback after exploiter forged 3 trillion ONE tokens

Harmony plans to roll back its blockchain to a point before last week's exploit after concluding that more than 3 trillion of the blockchain's native ONE tokens were forged.The Layer 1 blockchain said in its latest incident update that validators will roll back Shard 0 and Shard 1, the two chains th…

Harmony Reports Minting Vulnerability, Says Cross-Shard Replay Bug Led to Unauthorized ONE Issuance

Harmony Reports Minting Vulnerability, Says Cross-Shard Replay Bug Led to Unauthorized ONE Issuance

L1 blockchain Harmony released a report on a minting vulnerability, saying the root cause was a Cross-Shard Receipt Replay bug that could allow valid receipts to be processed multiple times and create minting without corresponding deductions. According to Foresight News, the first wave of unauthoriz…

Harmony confirms exploit involving unauthorized minting of 4 billion ONE tokens

Harmony confirms exploit involving unauthorized minting of 4 billion ONE tokens

Layer 1 blockchain platform Harmony confirmed on Wednesday that it had been exploited, following a report of an unauthorized minting of its ONE cryptocurrency.Earlier in the day, an X user named Juiceberg reported that an attacker had minted 4 billion ONE (ONE) tokens by using empty blocks. The toke…

Harmony Protocol Hack: 4 Billion ONE Tokens Minted, Price Crashes 30%

Harmony Protocol Hack: 4 Billion ONE Tokens Minted, Price Crashes 30%

Harmony Protocol has been hit by a suspected exploit that resulted in the unauthorized minting of about 4 billion ONE tokens, equivalent to roughly 26% of the token’s total supply, according to on-chain analyst Juiceberg.The attack sent ONE down more than 30% as the newly minted tokens were moved th…

Harmony Suspends Cross-Chain Bridge Service After Security Incident

Harmony Suspends Cross-Chain Bridge Service After Security Incident

Harmony said it has suspended its cross-chain bridge service following a security incident. According to Foresight News, the company also released a patch file and urged all validators to upgrade to prevent further unauthorized minting.Harmony said it will later release another update to address the…