Harmony Price

Coin Prices

Harmony's ONE Sinks 37% After Attacker Mints 4 Billion Tokens

Layer-1 blockchain Harmony has confirmed it was exploited after an attacker minted roughly 4 billion ONE tokens without authorisation, sending the token down 37% to about $0.00077, per CoinGecko data. On-chain analyst Juiceberg flagged the mint early Wednesday, putting it at close to 4 billion tokens, or about 26% of the supply, and saying the tokens had been created through empty blocks. Around 2.8 billion were funnelled onto exchanges as the price fell. In a follow-up tweet, the analyst said...

by Decrypt Agent · 3 min read

Jan 16, 2023

Coins

Lazarus Group Moves 41,000 Ethereum Nabbed From Harmony Bridge Hack

North Korea-linked cybercrime syndicate Lazarus Group has reportedly transferred $63.4 million in Ethereum from 2022’s mammoth Harmony bridge hack, depositing it on Binance, Huobi, and OKX. According to on-chain sleuth ZachXBT, the group used the privacy and anonymity system Railgun before consolidating the funds and depositing them on the exchanges. Railgun is an Ethereum-based smart contract system that lets users obscure the nature of their crypto transactions, removing identifying informati...

by Will McCurdy · 3 min read

Jun 24, 2022

Business

Harmony Plunges 10% After Horizon Ethereum Bridge Hacked For $100 Million

Hackers have struck layer 1 blockchain Harmony's Horizon bridge, stealing $100 million in cryptocurrency. The exploit was revealed in a tweet in the early hours of Friday morning. The Harmony team revealed that it had "identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM." It went on to add that the address of the culprit had been identified and that the Harmony team are working with "national authorities and forensic specialists" to retrieve the stolen fun...

by Stephen Graves · 2 min read

Mar 10, 2022

The Coins

What is Harmony? The Blockchain Using Randomness to Reinforce Proof of Stake

Many in the blockchain world are trying to wean themselves off Bitcoin’s proof of work system, in which energy-intensive miners use their computing power to verify each new block of transactions in exchange for new coins. In the Ethereum world, much of the development has turned to the alternative proof of stake consensus mechanism, which relies on a distributed cohort of stakeholders. To earn the right to validate transactions and generate new coins, these “validators” don’t use computing powe...

by Ben Munster · 4 min read