Harmony's ONE Sinks 37% After Attacker Mints 4 Billion Tokens
60-second summary
Harmony's ONE token is plummeting 37% after a devastating attack saw an attacker mint 4 billion tokens, compromising the network's integrity. The team is considering a rollback, which would reverse the attack and all subsequent transactions, potentially erasing legitimate activity and causing further market volatility in the already fragile DeFi sector.
The team is weighing a rollback, which would undo the attack along with every legitimate transaction made since.