LATEST: Harmony plans to roll back its blockchain to Aug. 11, reversing over 109,000 transactions and 315 staking transactions, days after an exploit minted ~4 billion ONE tokens.

What happened

Harmony announced it will revert its blockchain to the state on August 11, undoing more than 109,000 regular transactions and 315 staking transactions, after an exploit created roughly 4 billion new ONE tokens.

Confirmed

Global impact / market context

Reversing the illicit minting removes billions of extra tokens, helping protect the ONE token’s value and restoring confidence among users and investors, which is essential for continued development and adoption of Harmony’s network.

Analyst inference

The incident follows a series of high‑profile blockchain breaches that have raised concerns about security and governance, prompting other platforms to consider similar corrective actions and increasing scrutiny from regulators and investors seeking stable, trustworthy crypto ecosystems.

Analyst inference

What to watch

1. Monitor Harmony’s implementation of the rollback to see if the network successfully reverts the targeted transactions without causing new technical issues or further disruption. Confirmed
2. Watch ONE’s price movement after the rollback, as restoring the token supply could stabilize or boost its value, influencing investor sentiment toward Harmony. Analyst inference
3. Observe any statements from regulators or industry groups about the incident, which may lead to new security guidelines or compliance requirements for Harmony and similar blockchain projects. Proposed

Affected assets

• ONE — Harmony

Evidence

• x.com