Harmony’s ONE dives 26% after attack appears to create tokens equal to quarter of supply

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Harmony’s ONE dives 26% after attack appears to create tokens equal to quarter of supply

60-second summary

Harmony's ONE cryptocurrency is plummeting 26% as a potential exploit appears to have created tokens equivalent to a quarter of its supply, sparking investor concerns. Harmony is collaborating with exchanges to freeze affected funds and developing a software patch to mitigate the issue. Market volatility is expected to increase due to this security breach.

Harmony said in Asian morning hours it is working with exchanges to freeze funds and preparing a software fix.