Harmony Suspends Bridge Service After Unauthorized Minting of 4 Billion ONE Tokens

BitcoinWorld Harmony Suspends Bridge Service After Unauthorized Minting of 4 Billion ONE Tokens Harmony, the blockchain platform known for its cross-chain bridge, has temporarily suspended its bridge service, bridge.harmony.one, following an exploit that resulted in the unauthorized minting of 4 billion ONE tokens.

The team announced the suspension via a post on X (formerly Twitter), citing the need to investigate the incident and secure the network.

What Happened: The Exploit and Immediate Response According to Harmony’s official statement, the exploit led to the unauthorized creation of 4 billion ONE tokens, the native cryptocurrency of the Harmony network.

This represents a significant portion of the token’s total supply, raising concerns about market impact and network integrity. The team did not specify the exact method of the exploit but assured users that the bridge website has been taken offline as a precautionary measure.