TREE NEWS update: Harmony Protocol suffered an attack that resulted in the illegal minting of 2.385 trillion ONE tokens. In response, the network will be rolled back to August 11 to mitigate the impact. The incident highlights security vulnerabilities in cross-chain bridges.
Harmony Protocol Hacked, 2.385 Trillion ONE Minted Illegally, Network Rollback to Aug 11
AI take
The decision to roll back the chain to August 11 is the most consequential part: it rewrites confirmed state, which raises uncomfortable questions about finality and trust for anyone who transacted or bridged in that window. The illegal minting of 2.385 trillion ONE also shows how bridge exploits can flood supply faster than governance can respond, making the rollback itself the contested event. Whether the network can restore confidence after reversing history is the open question.
Generated by AI for reference only.
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