Crypto Hack News: Harmony Hit by 4 Billion ONE Token ExploitThis crypto hack news centers on Harmony, the Layer 1 blockchain, after on-chain data revealed an unauthorized mint of 4 billion ONE tokens, equal to roughly 26% of total supply. The mint was carried out through empty blocks, and the token's price crashed as the news spread.The Exploit: How 4 Billion ONE Tokens Were MintedOn-chain researcher the_juice_berg first flagged the exploit, reporting that the unauthorized 4 billion ONE mint went through empty blocks, blocks that normally carry no transactions, which let the extra supply enter circulation without showing up as a typical transfer or contract call. Source: the_juice_berg X Of those 4 billion, 2.8 billion were quickly funneled to exchanges as the price crashed. The report also noted that Harmony's totalSupply endpoint was hiding the actual inflation from public view, meaning anyone checking the official supply figure at the time would not have seen the newly minted tokens reflected.Tracing the Stolen TokensA follow-up post broke down exactly where the minted tokens ended up, giving a clearer picture of...
