Harmony Token Price Tumbles After Attack Creates Quarter Billion Supply

HARMONY's native token ONE plummeted by 26% following reports of an attack that allegedly minted tokens equivalent to one-quarter of its total supply.

The incident has sent shockwaves through the crypto market, with many investors and traders left wondering about the security implications.

According to reports, the attacker exploited a vulnerability in HARMONY's protocol, allowing them to create 3.2 billion ONE tokens. This amount is roughly equivalent to one-quarter of the total supply of ONE tokens in circulation.