Harmony Considers Shutting Down Blockchain Amid AI Threats

Harmony, an Ethereum rival once considered one of the most promising projects in the crypto space, is facing a drastic measure due to AI threats. According to LCX Exchange, Harmony wants to shut down its blockchain entirely.

No specific reason for this decision has been given, and it's unclear what the exact implications will be for users and investors. LCX has applied for authorization as a crypto-asset service provider under MiCA (EU 2023/1114), but its application is currently under review by the Financial Market Authority in Liechtenstein.