A recent alert highlights a security breach causing a loss of 24.7 ETH due to access control issues in a smart contract. This event raises concerns about vulnerabilities in the ecosystem.
Harmony will sunset its 2019-launched chain and migrate ONE holders to Ethereum (ETH) via snapshot after an August exploit minted 3 trillion tokens.
Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions.
The plan would move ONE to Ethereum after an exploit and rollback, while urging users to exit smart contracts before Sept. 10.
TL;DR Harmony proposed shutting down its layer-1 blockchain and migrating the ONE token to Ethereum as an ERC-20, seven years after its mainnet launch. An exploit in August allowed the minting of nearly 4 billion unauthorized ONE tokens, equivalent to 26% of the supply, which acc…
