Harmony’s ONE Token Plunges 30% After Exploit and Token Minting Scandal
Harmony's ONE token experienced a sharp decline of 26% to 30% following a confirmed exploit involving unauthorized minting of 4 billion tokens, which represented a significant portion of its supply. The incident has prompted discussions of a potential rollback as the network faces a major security breach. Meanwhile, other tokens like BTC and ETH showed minimal movement, indicating a localized crisis for Harmony.
Market overview
Total crypto market cap stands at $2.19T on $53.87B of 24h volume. BTC dominance is +58.55% and the Fear & Greed index reads 29 — Fear.
Signal performance
Over today, 300 signals closed at a 5.7% win rate, averaging +0.95% per signal.
Headlines
- Harmony’s ONE Plunges 30% After Attacker Mints 4 Billion TokensBitcoin News · Aug 12
Harmony's ONE token plunges 30% after exploit
- CPI, PPI, and FOMC minutes headline a two-week data windowKraken Blog · Aug 12
CPI and FOMC minutes upcoming
- Goldman Sachs Adds Bitcoin Income ETF Through NEOS DealBlockonomi · Aug 12
Goldman Sachs acquires bitcoin income ETF
- Goldman Sachs' $2.25B NEOS Deal Hands It Ready-Made Bitcoin Income ETF BusinessDecrypt · Aug 12
Goldman Sachs acquires bitcoin income ETF
- ONE Token Crashes 40% as Harmony Protocol Confirms Unauthorized 4B Mint ExploitCoinGape · Aug 12
Harmony Protocol exploited