Ethereum-compatible layer-1 network Harmony has proposed sunsetting its seven-year-old blockchain and migrating its native ONE token to Ethereum. The project has allocated $1.37 million in compensation for validators who halt node operations starting September 10 and transition to governor roles in new projects.
Ethereum-compatible layer-1 network Harmony has proposed sunsetting its seven-year-old blockchain and migrating its native ONE token to Ethereum. The project has allocated $1.37 million in compensation for validators who halt node operations starting September 10 and transition to governor roles in new projects.
Layer 1 blockchain platform Harmony confirmed it was exploited through unauthorized minting of 4 billion ONE tokens, causing the cryptocurrency to plunge approximately 40%. The exploit was first reported by social media users before the company's official confirmation.
