Harmony's ONE Token Drops 26% After Attacker Allegedly Mints 4 Billion Tokens

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Blockchain project Harmony suffered a major security incident in which an attacker allegedly minted 4 billion ONE tokens without authorization. The exploit caused the value of the ONE token to plummet by approximately 26%. Harmony became aware of the breach and issued a response during Asian morning hours. The team said it is coordinating with cryptocurrency exchanges in an effort to freeze the illicitly obtained funds. Harmony is also working on a software patch to address the underlying vulnerability.

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