What Happens to ONE Holders After Harmony’s 4B Token Exploit?
- Harmony got hit by an unauthorized mint of 4 billion ONE, totaling 26% of supply.
- An analyst estimates that about 2.8 billion ONE had already made their way to exchanges.
- The blockchain is looking into a rollback after sending out an emergency patch.
Harmony is dealing with an apparent unauthorized mint of approximately 4 billion ONE. That’s roughly 26% of the token’s total circulating supply, which stands at around 15 billion.
According to analyst Juiceberg, about 2.8 billion ONE had already made their way to exchanges, underscoring how quickly the tokens spread through the ecosystem.
Juiceberg was also the first to flag the issue on-chain. Following the post on X, Harmony said it was working with exchanges to secure the affected funds and is now considering two possible responses: deploying a software patch or rolling back the blockchain.
The market reactio…
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