someone created 4 billion ONE tokens yesterday without permission.
they didn't hack anything. they just found a way to print new tokens like printing money and immediately sold them.
that's 26% of the entire supply. Gone in hours.
@harmonyprotocol caught it and tried to stop it but 2.8 billion tokens already reached exchanges.
here's the scary part:
every crypto project assumes nobody can just create their token out of thin air.
Harmony assumed the same thing yesterday morning.
Who's checking your code?
🚨 BREAKING: Harmony hit by a MASSIVE 4 BILLION $ONE exploit, token crashes -30%.
The unauthorized mint was equal to roughly 26% of the total supply, with the attacker already moving 2.8B ONE to exchanges, per Juiceberg.
Only 115M ONE remains onchain, while the overwhelming majority has already been sold or is sitting in exchange wallets, potentially ready for further selling.
Harmony has confirmed the exploit and says it is working with exchanges to freeze the funds, while preparing a patch and possible chain rollback.
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