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Harmony (ONE) Proposes Minting New Tokens to Reimburse Hack Victims

beincrypto.com

The team behind the Harmony protocol has announced a potential reimbursement plan for victims of the Horizon bridge hack that includes minting over 2 billion ONE tokens. The post Harmony (ONE) Proposes Minting New Tokens to Reimburse Hack Victims appeared first on BeInCrypto.

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Bitcoin ONE
$ 0.03151

Timeline of Harmony


Harmony Proposes Hard Fork, Minting of Billions of ONE to Make Hack Victims Whole - EWN

The Harmony Protocol team has proposed a reimbursement plan that involves hard-forking the chain. The plan involves two options: minting 4.97 billion ONE for full reimbursement or 2.48 billion ONE for 50% reimbursement.


Harmony Proposes Reimbursing the Community by Minting 4.97B Tokens, Sparking Backlash - Crypto news

Developers behind blockchain network Harmony have proposed minting up to 4.97 billion in its native token ONE to compensate victims of the $100 million Horizon Bridge exploit in June.


Harmony Offered To Reimburse Users By Minting New Tokens - DCForecasts

Harmony offered to reimburse the hack victims by minting new tokens but the community is seemingly not happy about the proposal. Why is that, we find out today in our cryptocurrency news.


Harmony proposes minting billions of ONE tokens to pay back hack victims - The Block

Harmony's core team has proposed a hard fork to mint billions of new harmony (ONE) tokens. But its community seems to be against the idea. The post Harmony proposes minting billions of ONE tokens to pay back hack victims appeared first on The Block.


Harmony Dangles 2 Billion Tokens To Pay Back Hack Victims – Who Aren't Happy With Plan - Bitcoinist

The Harmony protocol has been getting some flak since the company revealed a hard-fork plan that will generate approximately 5 billion of its native tokens to compensate the victims of the $100 million Horizon Bridge hack that occurred last month.


Harmony seeks to reimburse $100M hack victims with ONE tokens - Invezz

The Harmony (ONE) team has announced a proposal that seeks to have victims of the Horizon bridge hack reimbursed using the blockchain network's native token ONE. The reimbursement plan, the team said, is part of the Harmony team's efforts to refund the $100 million hack victims.


Harmony proposed mint 4.97 billion ONE compensation - Coinnounce

Harmony Protocol proposes compensation of ONE 4.97 billion to victims of the June Horizon bridge attack that caused up to 100 million USD in damages. In the proposal posted this morning, Harmony said the hack significantly affected 65,000 wallets holding more than 14 different assets.


Harmony Proposes Minting Billions of ONE Tokens to Reimburse Hack-Affected Users - Cryptonews

Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens in order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen.


Hackers in North Korea Blamed for Harmony Attack - LiveBitcoinNews

Hackers in North Korea are once again making headlines. They are being blamed for the recent attack on a California-based crypto exchange called Harmony that ultimately resulted in more than $100 million in crypto funds vanishing overnight.


Harmony Offers Reward in Exchange for Stolen Crypto Funds - LiveBitcoinNews

Not long ago, Live Bitcoin News published an article about Harmony, a crypto platform stationed in Northern California that lost more than $100 million in digital currency units to hackers. The company was the latest digital asset firm to fall victim to cyberthieves.

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