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4 Billion ONE Illegally Created, Harmony Confirms The Flaw

4 Billion ONE Illegally Created, Harmony Confirms The Flaw


16h10 ▪
5
min read ▪ by
Lydie M.

Summarize this article with:

Harmony confirmed on August 12 a flaw that allowed the creation of 4 billion ONE without authorization. At current rates, this represents about 3.2 million dollars. The token lost 34% in 24 hours. The amount is not huge on the scale of crypto hacks. The problem is more serious: someone reportedly managed to directly increase the supply of ONE.

A shattered crypto vault spills tokens as a large glowing 4 symbolizes the scale of the attack.A shattered crypto vault spills tokens as a large glowing 4 symbolizes the scale of the attack.

In Brief

  • Harmony confirms the unauthorized creation of 4 billion ONE.
  • About 97% of the…

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