{"id":76720,"date":"2026-08-12T17:08:58","date_gmt":"2026-08-12T17:08:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/harmonys-one-plunges-30-after-attacker-mints-4-billion-tokens\/"},"modified":"2026-08-12T17:08:58","modified_gmt":"2026-08-12T17:08:58","slug":"harmonys-one-plunges-30-after-attacker-mints-4-billion-tokens","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/harmonys-one-plunges-30-after-attacker-mints-4-billion-tokens\/","title":{"rendered":"Harmony\u2019s ONE Plunges 30% After Attacker Mints 4 Billion Tokens"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A hacker exploited Harmony Protocol to fraudulently issue 4 billion unauthorized ONE tokens.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The sell-off wiped 26% of ONE\u2019s market cap while investigator ZachXBT declined to assist.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Harmony asked exchanges to freeze 4 hacker wallets while evaluating a full network rollback.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Token Collapses After 4-Billion Token Minting Exploit<\/h2>\n<p>Harmony Protocol\u2019s native token, ONE, plunged more than 30% Wednesday to reach an all-time low following an exploit that enabled an attacker to mint more than 4 billion tokens\u2014representing roughly 26% of the network\u2019s total supply.<\/p>\n<p>According to onchain analytics shared by crypto investigator Juiceberg, the perpetrator moved approximately 97% of the fraudulently minted tokens directly to cryptocurrency exchanges, leaving roughly 115 million tokens sitting in the original minting addresses.<\/p>\n<p>While the exact amount of tokens liquidated was unclear, the sudden collapse in ONE\u2019s market capitalization\u2014shrinking from nearly $16 million down to $11.7 million\u2014indicates that a significant portion of the illicit tokens were successfully cashed out.<\/p>\n<p>In the wake of the breach, the Harmony team issued a series of public statements confirming the exploit and outlining emergency mitigation steps. First, the team requested that major crypto exchanges immediately freeze funds linked to four specific primary attacker wallet addresses.<\/p>\n<p>In subsequent updates, the protocol said it had paused operations on its<a href=\"https:\/\/news.bitcoin.com\/defillama-q2-2026-has-been-cryptos-most-hacked-quarter-on-record-with-nearly-70-exploits\/\"> main bridge interface<\/a> and disclosed that it had released an urgent core code patch, instructing all network validators to upgrade immediately to halt any further unauthorized minting capabilities.<\/p>\n<p>\u201cAll validators, please upgrade. This patch prevents any further minting. We\u2019ll follow up with another update to address the already minted tokens,\u201d the Harmony core <a href=\"https:\/\/x.com\/harmonyprotocol\/status\/2087428910829261013\" target=\"_blank\" rel=\"noopener noreferrer\">development team stated in an announcement<\/a>.<\/p>\n<p>The team confirmed it is evaluating additional measures, including a potential network rollback, to neutralize the economic impact of the fraudulently issued supply.<\/p>\n<p>This latest incident marks another blow to a project that was once a multibillion-dollar Layer-1 ecosystem. In early 2022, ONE achieved an all-time high of $0.379 before the network suffered a $100 million breach of its Horizon Bridge. In that attack, North Korea\u2019s <a href=\"https:\/\/news.bitcoin.com\/certik-analyst-kelpdao-exploit-reveals-high-stakes-shift-in-cross-chain-cybercrime\/\">state-sponsored Lazarus Group<\/a> allegedly exploited compromised private keys hosting hot wallets tasked with listening for and processing cross-chain bridging transactions.<\/p>\n<p>By the time of the first attack, ONE had already fallen to roughly 2 cents. Following a multiyear structural downtrend, this latest validator-level minting vulnerability has pushed ONE down nearly 97% from its peak, leaving the community questioning how critical security vulnerabilities continue to evade protocol audits and core infrastructure controls.<\/p>\n<p>Compounding Harmony\u2019s troubles is a <a href=\"https:\/\/x.com\/zachxbt\/status\/2087429244007940368\" target=\"_blank\" rel=\"noopener noreferrer\">distinct lack of support<\/a> from high-profile Web3 security researcher ZachXBT. The researcher cited the protocol\u2019s history of failing to reward white-hat contributors and investigators during the 2022 attack as the reason he is unwilling to assist.<\/p>\n<p>Replying directly to Harmony\u2019s public appeal to exchanges, ZachXBT stated: \u201cI will not be tracking this incident and think no one should assist them for free. <a href=\"https:\/\/news.bitcoin.com\/onchain-researchers-discover-63m-in-ethereum-from-harmony-bridge-attack-moved-hackers-attempt-to-launder-funds-on-major-exchanges\/\">Harmony took advantage of people who assisted<\/a> during the $100M Harmony Bridge exploit by DPRK in 2022 and rewarded $0 for significant freezes which led to LE [Law Enforcement] seizures, and simply said \u2018good job\u2019.\u201d<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/harmonys-100m-hack-was-due-to-a-compromised-multi-sig-scheme-says-analyst\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/harmonys-100m-hack-was-due-to-a-compromised-multi-sig-scheme-says-analyst\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/harmonys-100m-hack-was-due-to-a-compromised-multi-sig-scheme-says-analyst\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2022%2F06%2Fshutterstock_2146723239.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Harmony\u2019s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/security\/harmonys-one-plunges-30-after-attacker-mints-4-billion-tokens\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways A hacker exploited Harmony Protocol to fraudulently issue 4 billion unauthorized ONE tokens. The sell-off wiped 26% of ONE\u2019s market cap while investigator ZachXBT declined to assist. Harmony asked exchanges to freeze 4 hacker wallets while evaluating a full network rollback. Token Collapses After 4-Billion Token [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":76721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76720"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76720"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76721"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}