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Harmony to shut down its Layer 1 blockchain and migrate ONE to Ethereum
#Harmony will shut down its mainnet and reissue $ONE as an ERC-20 token on #Ethereum , using a balance snapshot for the airdrop and advising users to withdraw from multisigs, liquidity pools, and onchain apps before validators begin shutting down on September 10. Harmony framed the migration as a security-focused upgrade following an August exploit that minted roughly 4B $ONE , or 26% of supply, and the $99.6M Horizon Bridge hack in 2022.
Former validator emissions will be redirected to an #AI video remix project, where creators share prompts and assets for fans to fork, with #AIagents generating new clips from each branch.
👉 theblock.co/news/web3/2026-09-06-harmony-sunset-network-413635
#Harmony will shut down its mainnet and reissue $ONE as an ERC-20 token on #Ethereum , using a balance snapshot for the airdrop and advising users to withdraw from multisigs, liquidity pools, and onchain apps before validators begin shutting down on September 10. Harmony framed the migration as a security-focused upgrade following an August exploit that minted roughly 4B $ONE , or 26% of supply, and the $99.6M Horizon Bridge hack in 2022.
Former validator emissions will be redirected to an #AI video remix project, where creators share prompts and assets for fans to fork, with #AIagents generating new clips from each branch.
👉 theblock.co/news/web3/2026-09-06-harmony-sunset-network-413635
Harmony is proposing to shut down its mainnet and move $ONE to Ethereum.
The reason is unusual but serious: the project says growing threats from state actors and AI agents have become too significant to continue operating the network.
Under the proposal, validators would stop operating from Sept 10. Around $1.4M has been set aside to compensate validators for the remaining emission rewards.
For $ONE holders, the plan is to snapshot balances at the final block and airdrop equivalent $ONE tokens to the same wallet addresses on Ethereum. The project says total supply and emission rate would remain unchanged.
What stands out to me is the transparency plan: Harmony says the token contract, snapshot calculations and airdrop scripts will be published for public audit.
Would moving $ONE to Ethereum make the ecosystem safer and more sustainable?
#Harmony #one #Ethereum
The reason is unusual but serious: the project says growing threats from state actors and AI agents have become too significant to continue operating the network.
Under the proposal, validators would stop operating from Sept 10. Around $1.4M has been set aside to compensate validators for the remaining emission rewards.
For $ONE holders, the plan is to snapshot balances at the final block and airdrop equivalent $ONE tokens to the same wallet addresses on Ethereum. The project says total supply and emission rate would remain unchanged.
What stands out to me is the transparency plan: Harmony says the token contract, snapshot calculations and airdrop scripts will be published for public audit.
Would moving $ONE to Ethereum make the ecosystem safer and more sustainable?
#Harmony #one #Ethereum
Muddasir 1947:
one coin
🔥 Harmony Could Be Heading for a Major Shake-Up!
Harmony has proposed shutting down its mainnet, migrating ONE to Ethereum, and pivoting toward an AI video business. 🤖
⚠️ The proposals are non-binding, with regulatory pressure cited as a key reason.
👀 ONE holders should watch the governance vote and migration details closely.
#Harmony #ONE #Ethereum #Crypto
Harmony has proposed shutting down its mainnet, migrating ONE to Ethereum, and pivoting toward an AI video business. 🤖
⚠️ The proposals are non-binding, with regulatory pressure cited as a key reason.
👀 ONE holders should watch the governance vote and migration details closely.
#Harmony #ONE #Ethereum #Crypto
💥 HARMONY PLANS TO SHUT DOWN ITS LAYER 1 AND MOVE ONE TO ETHEREUM
Harmony has proposed fully shutting down its Layer 1 blockchain and migrating its native ONE token to Ethereum, marking a major shift after launching its mainnet in 2019.
The team cited growing security threats from nation-state attackers and AI agents. Under the proposal, a final-block snapshot would cover user wallets, staking, validator rewards and exchange balances, with new ONE tokens airdropped to the same addresses on Ethereum.
Harmony also plans to pivot toward an AI video “remix economy,” where creators publish prompts and assets that users can remix with the help of AI agents.
The proposals are not yet binding. Validators can begin shutting down nodes on September 10.
Would you still hold ONE through such a major transition?
#Harmony #one #ETH #AI
#ThuyBNB
$ONE $ETH $BNB
Harmony has proposed fully shutting down its Layer 1 blockchain and migrating its native ONE token to Ethereum, marking a major shift after launching its mainnet in 2019.
The team cited growing security threats from nation-state attackers and AI agents. Under the proposal, a final-block snapshot would cover user wallets, staking, validator rewards and exchange balances, with new ONE tokens airdropped to the same addresses on Ethereum.
Harmony also plans to pivot toward an AI video “remix economy,” where creators publish prompts and assets that users can remix with the help of AI agents.
The proposals are not yet binding. Validators can begin shutting down nodes on September 10.
Would you still hold ONE through such a major transition?
#Harmony #one #ETH #AI
#ThuyBNB
$ONE $ETH $BNB
🚨 Shocking news shaking the crypto community: #Harmony proposes shutting down its entire network!
The Harmony project is studying the possibility of stopping its main network after years of operation, and migrating the $ONE coin to the Ethereum network.
The reason: escalating security risks and advanced attacks that threaten the project’s current infrastructure.
If the plan is approved, ONE holders will receive a new version of the coin in ERC-20 format via Ethereum.
But the twist: liquidity inside some applications and multi-signature wallets may not transfer automatically.
The project isn’t just changing the network… it’s also moving into AI-supported video work.
This isn’t just an upgrade; it’s a fateful moment for the ONE$ONE community.
⚠️ The proposal is still not binding, and any impact on price or final execution remains uncertain.
The Harmony project is studying the possibility of stopping its main network after years of operation, and migrating the $ONE coin to the Ethereum network.
The reason: escalating security risks and advanced attacks that threaten the project’s current infrastructure.
If the plan is approved, ONE holders will receive a new version of the coin in ERC-20 format via Ethereum.
But the twist: liquidity inside some applications and multi-signature wallets may not transfer automatically.
The project isn’t just changing the network… it’s also moving into AI-supported video work.
This isn’t just an upgrade; it’s a fateful moment for the ONE$ONE community.
⚠️ The proposal is still not binding, and any impact on price or final execution remains uncertain.
📰 Harmony This time it’s not an upgrade of the mainnet—it’s preparing to shut down the mainnet that has been running for nearly seven years directly, migrating the native token ONE to Ethereum, while pivoting to an AI video “mashup economy.”
To be honest, this decision isn’t sudden. In 2022, the Horizon cross-chain bridge was attacked, with losses of about $100 million; this year in August, the attackers exploited a cross-shard receipt verification vulnerability, using six transactions to forge 3.01 trillion ONE tokens. After the team rolled back two shards, more than 100,000 normal transactions were wiped out as well.
🔥 For Harmony, continuing to maintain an independent chain means the security and operational costs are only getting heavier. After moving to Ethereum, the total supply of ONE and the release schedule will remain unchanged for now. In principle, holders don’t need to proactively claim. However, some multisig treasuries, liquidity pools, and on-chain applications can’t be migrated.
💡 The idea for the new business is: creators upload content, users do secondary creations, then AI Agents extend the content. Operators would be responsible for generating, distributing, and moderating. ONE will take on incentive, staking, and governance functions, and operators will also need to stake ONE to obtain GPU subsidies and service reward incentives.
But the question is very direct: why would users necessarily use ONE? Subscriptions, ads, and GPU services can all be paid for in fiat or stablecoins. If ONE is simply a rewards tool wrapped around an AI product, business growth doesn’t necessarily translate into token demand.
🤔 Both proposals so far are non-binding. Harmony is moving from being a public-chain validator to an AI video operator—this time it’s survival by cutting off an arm. Do you think it can find users again?
#Harmony #ONE #AI视频 #Ethereum
To be honest, this decision isn’t sudden. In 2022, the Horizon cross-chain bridge was attacked, with losses of about $100 million; this year in August, the attackers exploited a cross-shard receipt verification vulnerability, using six transactions to forge 3.01 trillion ONE tokens. After the team rolled back two shards, more than 100,000 normal transactions were wiped out as well.
🔥 For Harmony, continuing to maintain an independent chain means the security and operational costs are only getting heavier. After moving to Ethereum, the total supply of ONE and the release schedule will remain unchanged for now. In principle, holders don’t need to proactively claim. However, some multisig treasuries, liquidity pools, and on-chain applications can’t be migrated.
💡 The idea for the new business is: creators upload content, users do secondary creations, then AI Agents extend the content. Operators would be responsible for generating, distributing, and moderating. ONE will take on incentive, staking, and governance functions, and operators will also need to stake ONE to obtain GPU subsidies and service reward incentives.
But the question is very direct: why would users necessarily use ONE? Subscriptions, ads, and GPU services can all be paid for in fiat or stablecoins. If ONE is simply a rewards tool wrapped around an AI product, business growth doesn’t necessarily translate into token demand.
🤔 Both proposals so far are non-binding. Harmony is moving from being a public-chain validator to an AI video operator—this time it’s survival by cutting off an arm. Do you think it can find users again?
#Harmony #ONE #AI视频 #Ethereum
A Layer-1 that once stood at the peak of the last cycle suddenly announced it was shutting down the network to ride the $AI wave: Harmony ($ONE ). Guys, do you think this is an escape route—or a massive sell-off liquidation move by big sharks?
The proposal to kill the Harmony blockchain in order to convert the token $ONE s into $ETH l for an AI video isn’t just a tech story. From a cash-flow perspective, smart money has already fled long ago after a string of serious security incidents: the $100 million bridge hack and the counterfeit minting attack of 4 billion tokens of $ONE .
The ultimatum to drain assets from smart contracts before 10/9 signals an extremely fast liquidity pull-out. Any assets trapped after the snapshot will be lost completely. In the short term, $ONE has been withdrawn in large volumes to personal wallets to cut losses, creating immense sell pressure on the price.
For me, when the core foundation is abandoned, risk always outweighs opportunity. Guys, prioritize handling your assets before the deadline rather than rushing to catch a falling knife.
Have you fully escaped $ONE , or are you still just watching? Click $ONE below and check the candles! 👇
#Harmony #ONE #Altcoin #Ethereum
The proposal to kill the Harmony blockchain in order to convert the token $ONE s into $ETH l for an AI video isn’t just a tech story. From a cash-flow perspective, smart money has already fled long ago after a string of serious security incidents: the $100 million bridge hack and the counterfeit minting attack of 4 billion tokens of $ONE .
The ultimatum to drain assets from smart contracts before 10/9 signals an extremely fast liquidity pull-out. Any assets trapped after the snapshot will be lost completely. In the short term, $ONE has been withdrawn in large volumes to personal wallets to cut losses, creating immense sell pressure on the price.
For me, when the core foundation is abandoned, risk always outweighs opportunity. Guys, prioritize handling your assets before the deadline rather than rushing to catch a falling knife.
Have you fully escaped $ONE , or are you still just watching? Click $ONE below and check the candles! 👇
#Harmony #ONE #Altcoin #Ethereum
Verified
Don’t read “chain closure” as “token zeroing out”: Harmony proposes shutting down its own Layer-1 and moving $ONE to Ethereum.
According to reports from Cointelegraph, Lookonchain, and others, on Sunday Harmony proposed a non-binding plan: take the final network snapshot on-chain, issue an ERC-20 version of $ONE on Ethereum, and airdrop it to the same addresses (no action required to claim); exchanges will list and support the migration in tandem. Validators may opt to shut down their nodes, continue acting as governance participants, or join its new business of AI video secondary creation. Governance still requires participation with about 51% staked voting weight and about 66.7% approval—this proposal does not equal a completed shutdown, nor does it mean the migration has already been finished.
The boundaries are even more critical: multisig insurance vaults, liquidity pools, and on-chain applications cannot be migrated. Official guidance urges users to exit all smart contracts by September 10, otherwise assets could get stuck. Validators may shut down nodes starting from that day, perform the shutdown on time while keeping their stake, and those who agree to become governance representatives will receive a compensation pool of about $1.372 million, distributed across four quarters. The backdrop includes a forged-token vulnerability about four weeks ago, and a plan to roll back more than 109,000 transactions—an unmistakable signal of shifting from “patching the chain” to “shutting down the chain.” Market reference (CoinGecko): $BTC is about $79,400; $BNB is about $744. First watch the snapshot time and exchange migration announcements—don’t confuse a “proposal” with “completion.”
#Harmony #以太坊 # cryptocurrency
Not investment advice
According to reports from Cointelegraph, Lookonchain, and others, on Sunday Harmony proposed a non-binding plan: take the final network snapshot on-chain, issue an ERC-20 version of $ONE on Ethereum, and airdrop it to the same addresses (no action required to claim); exchanges will list and support the migration in tandem. Validators may opt to shut down their nodes, continue acting as governance participants, or join its new business of AI video secondary creation. Governance still requires participation with about 51% staked voting weight and about 66.7% approval—this proposal does not equal a completed shutdown, nor does it mean the migration has already been finished.
The boundaries are even more critical: multisig insurance vaults, liquidity pools, and on-chain applications cannot be migrated. Official guidance urges users to exit all smart contracts by September 10, otherwise assets could get stuck. Validators may shut down nodes starting from that day, perform the shutdown on time while keeping their stake, and those who agree to become governance representatives will receive a compensation pool of about $1.372 million, distributed across four quarters. The backdrop includes a forged-token vulnerability about four weeks ago, and a plan to roll back more than 109,000 transactions—an unmistakable signal of shifting from “patching the chain” to “shutting down the chain.” Market reference (CoinGecko): $BTC is about $79,400; $BNB is about $744. First watch the snapshot time and exchange migration announcements—don’t confuse a “proposal” with “completion.”
#Harmony #以太坊 # cryptocurrency
Not investment advice
Verified
When a Layer 1 that once competed with Ethereum declares it will "shut down," how will smart money and whales act before the deadline?
Harmony's surprise proposal to stop blockchain operations and return to being an ERC-20 token on $ETH is a major warning sign for $ONE holders. After the incident involving the creation of 4 billion tokens $ONE (accounting for 26% of total supply) and the $100 million hack in the past, the team's decision to step back in the face of security threats from $AI shows that the challenge of maintaining the network has gone beyond control.
From a flow perspective, whales and liquidity providers will never stand still. The asset withdrawal deadline is 10/09/2026, and the biggest risk lies in the fact that balances in DEX pools or dApps will not be snapshotted automatically. Large players are certainly scrambling to drain liquidity from the ecosystem to preserve capital, pushing late investors into the risk of being severely stuck with assets.
Amid this volatility, prioritizing risk management and independently reviewing your personal wallet (DYOR) is always more important than any hope of buying the bottom.
What do you think of this price level for $ONE — an opportunity or a risk? Check the chart $ONE below! 👇
#Harmony #ONE #Ethereum #Altcoin
Harmony's surprise proposal to stop blockchain operations and return to being an ERC-20 token on $ETH is a major warning sign for $ONE holders. After the incident involving the creation of 4 billion tokens $ONE (accounting for 26% of total supply) and the $100 million hack in the past, the team's decision to step back in the face of security threats from $AI shows that the challenge of maintaining the network has gone beyond control.
From a flow perspective, whales and liquidity providers will never stand still. The asset withdrawal deadline is 10/09/2026, and the biggest risk lies in the fact that balances in DEX pools or dApps will not be snapshotted automatically. Large players are certainly scrambling to drain liquidity from the ecosystem to preserve capital, pushing late investors into the risk of being severely stuck with assets.
Amid this volatility, prioritizing risk management and independently reviewing your personal wallet (DYOR) is always more important than any hope of buying the bottom.
What do you think of this price level for $ONE — an opportunity or a risk? Check the chart $ONE below! 👇
#Harmony #ONE #Ethereum #Altcoin
Harmony’s move this time is really significant—it is directly proposing to shut down the mainnet and move $ONE to Ethereum to keep running.
A few key points:
1. Validators can begin shutting down nodes starting September 10. The official team will make up the emission gap for each node between the final block produced and the network’s final block;
2. Validators and delegators who shut down on time, sign the agreement, continue staking, and take on new governance roles can receive a one-time compensation. The fund pool is $1.372 million, distributed in four quarterly installments;
3. At the token level, after the final block snapshot, new ETH ONE will be airdropped to the original addresses. Unclaimed delegations and rewards will go into the governance treasury;
4. Multisig treasuries, LPs, and on-chain applications will not be migrated. Users are advised to exit contracts before September 10;
5. The total supply and emission rate remain unchanged, but the use of newly issued emissions will shift from an independent L1 to the AI video direction.
For the industry, this is a very clear signal: projects that once bet on "independent mainnets + self-developed consensus" are now broadly shifting to Ethereum or converging into a single-chain model. The operating costs and community maintenance pressure of older L1s have already made it economically unsustainable to run a chain independently.
For token holders, the biggest risk in this migration is not the airdrop address mismatch, but that liquidity pools and contract assets will be left behind. Validators who want compensation must keep a close eye on the timeline and signing process—missing the window means giving up the entire compensation.
$ONE #Harmony
A few key points:
1. Validators can begin shutting down nodes starting September 10. The official team will make up the emission gap for each node between the final block produced and the network’s final block;
2. Validators and delegators who shut down on time, sign the agreement, continue staking, and take on new governance roles can receive a one-time compensation. The fund pool is $1.372 million, distributed in four quarterly installments;
3. At the token level, after the final block snapshot, new ETH ONE will be airdropped to the original addresses. Unclaimed delegations and rewards will go into the governance treasury;
4. Multisig treasuries, LPs, and on-chain applications will not be migrated. Users are advised to exit contracts before September 10;
5. The total supply and emission rate remain unchanged, but the use of newly issued emissions will shift from an independent L1 to the AI video direction.
For the industry, this is a very clear signal: projects that once bet on "independent mainnets + self-developed consensus" are now broadly shifting to Ethereum or converging into a single-chain model. The operating costs and community maintenance pressure of older L1s have already made it economically unsustainable to run a chain independently.
For token holders, the biggest risk in this migration is not the airdrop address mismatch, but that liquidity pools and contract assets will be left behind. Validators who want compensation must keep a close eye on the timeline and signing process—missing the window means giving up the entire compensation.
$ONE #Harmony
Harmony officially announced that the mainnet will be shut down directly, citing the need to defend against nation-state actors and AI agent attacks, while also migrating ONE to Ethereum. Just last month, 400 million ONE were hacked, and now they’re seizing the opportunity to run—this move is truly ingenious.
If the project team says exit, then exit; ONE holders are directly “moved,” and on-chain assets are switched over just like that. Remember, folks: no matter how sexy the narrative is, it’s not as good as the project team not跑路.
$ONE #Harmony #以太坊 #Web3
If the project team says exit, then exit; ONE holders are directly “moved,” and on-chain assets are switched over just like that. Remember, folks: no matter how sexy the narrative is, it’s not as good as the project team not跑路.
$ONE #Harmony #以太坊 #Web3
Verified
The Harmony team has decided to completely shut down the existing Layer 1 network and propose a token migration to a new Ethereum-based AI video venture for $ONE holders. It was announced that support will be provided for validators' transition to the new 'remix economy' project. This move shows that the project will follow a new strategy in the web3 and AI space. #Harmony #Ethereum #AI
📰 Harmony has put forward two proposals: to shut down the mainnet, which has been running since 2019, move ONE to Ethereum, and shift toward an AI video “remix economy.” The team says the reason is the threat posed by nation-state attackers and AI agents.
🔥 The plan is to take a snapshot at the last block of the mainnet, covering user wallets, staking delegations, validator rewards, tokens in smart contracts and exchanges, and then airdrop new ONE to the same addresses on Ethereum, with holders not needing to claim anything proactively. The total supply and issuance rate will remain unchanged.
⚠️ What really needs urgent attention is that multisig wallets, liquidity pools, and on-chain applications cannot be migrated. The team requires users to exit all smart contracts before September 10, 2026, and plans to make the token contract, snapshot calculations, and airdrop scripts public for audit.
💡 Validators may begin shutting down nodes starting at 22:00 Beijing time on September 10. The team also plans to establish a compensation pool of $1.372 million. Validators and delegators who meet the conditions of shutting down, signing the agreement, and retaining stake will receive compensation over four quarters.
👀 The new business aims to let users create derivative videos from prompts and materials, with AI agents expanding the story, while operators stake tokens to participate in generation, distribution, and review. To be honest, moving straight from shutting down the mainnet to AI video is quite a leap, and both proposals are currently non-binding, so further adjustments are still possible.
🤔 If your ONE is still in a liquidity pool or smart contract, will you withdraw before September 10, or wait until the proposal is further confirmed?
#Harmony #ONE #以太坊 #AI视频
🔥 The plan is to take a snapshot at the last block of the mainnet, covering user wallets, staking delegations, validator rewards, tokens in smart contracts and exchanges, and then airdrop new ONE to the same addresses on Ethereum, with holders not needing to claim anything proactively. The total supply and issuance rate will remain unchanged.
⚠️ What really needs urgent attention is that multisig wallets, liquidity pools, and on-chain applications cannot be migrated. The team requires users to exit all smart contracts before September 10, 2026, and plans to make the token contract, snapshot calculations, and airdrop scripts public for audit.
💡 Validators may begin shutting down nodes starting at 22:00 Beijing time on September 10. The team also plans to establish a compensation pool of $1.372 million. Validators and delegators who meet the conditions of shutting down, signing the agreement, and retaining stake will receive compensation over four quarters.
👀 The new business aims to let users create derivative videos from prompts and materials, with AI agents expanding the story, while operators stake tokens to participate in generation, distribution, and review. To be honest, moving straight from shutting down the mainnet to AI video is quite a leap, and both proposals are currently non-binding, so further adjustments are still possible.
🤔 If your ONE is still in a liquidity pool or smart contract, will you withdraw before September 10, or wait until the proposal is further confirmed?
#Harmony #ONE #以太坊 #AI视频
$ONE /USDT LONG 🔵
$ONE is a low-cap Layer-1 blockchain play 📊 focused on fast, scalable and low-cost decentralized applications ⚡
$ONE is setting up around the $0.00076 zone, looking for a rebound and continuation higher 🧭
🟢 Buyzone: $0.000760
🔴 Stoploss: $0.000608
🎯 Target 1: $0.000798
🎯 Target 2: $0.000836
🎯 Target 3: $0.000912
⚠️ Risk: FOMO — don't chase if price spikes too fast.
Not financial advice and not a recommendation to buy or sell. Crypto is highly risky, DYOR and you are solely responsible. No coin promotion.
#one #Harmony #Layer1 #Write2Earn
$ONE is a low-cap Layer-1 blockchain play 📊 focused on fast, scalable and low-cost decentralized applications ⚡
$ONE is setting up around the $0.00076 zone, looking for a rebound and continuation higher 🧭
🟢 Buyzone: $0.000760
🔴 Stoploss: $0.000608
🎯 Target 1: $0.000798
🎯 Target 2: $0.000836
🎯 Target 3: $0.000912
⚠️ Risk: FOMO — don't chase if price spikes too fast.
Not financial advice and not a recommendation to buy or sell. Crypto is highly risky, DYOR and you are solely responsible. No coin promotion.
#one #Harmony #Layer1 #Write2Earn
Harmony announced Aug 22 that its emergency rollback is fully complete -- both shards stable for 24+ hours, ~100,000 new blocks produced -- but ONE is still trading right where it crashed to 10 days ago.
The news: after an Aug 12 exploit forged an estimated 3.01 trillion ONE tokens (one wallet alone moved ~2.385 trillion, worth almost $3B at pre-attack prices, in ~106 seconds), Harmony chose a full chain rollback over burning or blacklisting the forged supply. Both shards reset to their Aug 11, 23:25:37 UTC state, erasing 141,628 blocks including 109,126 regular and 315 staking transactions. On Aug 22, Harmony confirmed the network had run stably for 24+ hours post-rollback, advancing from epoch 3002 to 3004 with near-full validator participation.
The catch: technical recovery isn't trust recovery. ONE crashed up to 37% intraday and bottomed near $0.00057 -- it's now around $0.0007-0.00075, essentially flat since the crash even after the "fix," with market cap near $11M. Roughly 97% of the first wave of forged tokens reportedly reached exchanges before freezes hit, so real value already left the chain in ways a rollback can't reverse. And the rollback itself cuts against the "trustless, immutable" pitch chains are built on -- a network willing to reset two shards raises real questions for anyone relying on it for censorship-resistant infrastructure.
Our read: this is a genuine operational win with an unresolved market verdict -- the ledger looks clean, but nobody's buying the "problem solved" story yet. Falsifiable watch-point: does ONE actually move off these post-exploit lows in the next few weeks, or does it stay parked here?
If the technical fix is real, why hasn't the price moved at all in 10 days?
Not financial advice. DYOR.
$ONE #Harmony #CryptoNews #Security
The news: after an Aug 12 exploit forged an estimated 3.01 trillion ONE tokens (one wallet alone moved ~2.385 trillion, worth almost $3B at pre-attack prices, in ~106 seconds), Harmony chose a full chain rollback over burning or blacklisting the forged supply. Both shards reset to their Aug 11, 23:25:37 UTC state, erasing 141,628 blocks including 109,126 regular and 315 staking transactions. On Aug 22, Harmony confirmed the network had run stably for 24+ hours post-rollback, advancing from epoch 3002 to 3004 with near-full validator participation.
The catch: technical recovery isn't trust recovery. ONE crashed up to 37% intraday and bottomed near $0.00057 -- it's now around $0.0007-0.00075, essentially flat since the crash even after the "fix," with market cap near $11M. Roughly 97% of the first wave of forged tokens reportedly reached exchanges before freezes hit, so real value already left the chain in ways a rollback can't reverse. And the rollback itself cuts against the "trustless, immutable" pitch chains are built on -- a network willing to reset two shards raises real questions for anyone relying on it for censorship-resistant infrastructure.
Our read: this is a genuine operational win with an unresolved market verdict -- the ledger looks clean, but nobody's buying the "problem solved" story yet. Falsifiable watch-point: does ONE actually move off these post-exploit lows in the next few weeks, or does it stay parked here?
If the technical fix is real, why hasn't the price moved at all in 10 days?
Not financial advice. DYOR.
$ONE #Harmony #CryptoNews #Security
Partly True
Harmony announces the completion of the reset and the restoration of network operation
Harmony ($ONE ) announced the completion of the reset process, confirming that the network returned to normal operation following the latest security incident.
🔹 Restoring network operations and block production
🔹 Addressing the effects of coins minted unlawfully
🔹 Returning the network to a more stable state
🔹 Focusing now on restoring user and community trust
The network’s return is an important step, but the real challenge ahead for $ONE is restoring trust and liquidity, and enhancing protocol security during the next phase.
📌 $ONE
#Harmony #Crypto #blockchain
Harmony ($ONE ) announced the completion of the reset process, confirming that the network returned to normal operation following the latest security incident.
🔹 Restoring network operations and block production
🔹 Addressing the effects of coins minted unlawfully
🔹 Returning the network to a more stable state
🔹 Focusing now on restoring user and community trust
The network’s return is an important step, but the real challenge ahead for $ONE is restoring trust and liquidity, and enhancing protocol security during the next phase.
📌 $ONE
#Harmony #Crypto #blockchain
$ONE is showing strong bullish momentum after a 15.75% daily gain, with price holding around 0.000838 and approaching the 0.000875 resistance. High trading activity supports the move, and a clean breakout above 0.000875 could extend the rally. If rejected, 0.000800–0.000750 becomes the key pullback zone.
Target 1: 0.000920
Target 2: 0.001000
Target 3: 0.001100
#ONE #Harmony #CryptoTrading
$BTW
$ONG
Target 1: 0.000920
Target 2: 0.001000
Target 3: 0.001100
#ONE #Harmony #CryptoTrading
$BTW
$ONG
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