Harmony plans rollback, wiping 109,000 transactions after ONE exploit

cointelegraphОпубліковано о 2026-08-17Востаннє оновлено о 2026-08-17

Анотація

Harmony plans to roll back its blockchain to August 11th after an exploit created forged ONE tokens, discarding over 109,000 confirmed transactions. The network will revert to a specific block from that date and build a new chain, as selectively restoring transactions was deemed unsafe. The move follows reports of unauthorized ONE minting and distribution to exchanges, with investigators tracing most of the forged tokens. This rollback strategy places Harmony alongside networks like Ravencoin, which also sought to reverse confirmed blockchain activity after an exploit. Ravencoin recently faced a potential chain reorganization due to a consensus flaw.

Harmony plans to roll back its blockchain to Aug. 11 following an exploit that created forged ONE tokens, discarding more than 109,000 transactions confirmed after its chosen checkpoint.

The layer-1 network said Monday that validators would revert to blocks recorded at 11:25 pm UTC on Aug. 11. New blocks will be produced from the next heights using replacement databases.

The discarded window includes 109,126 regular transactions and 315 staking transactions. Harmony said selectively restoring transactions was unsafe because balances, contract states, nonces and other conditions would differ on the replacement chain.

Harmony was considering a rollback last week after reports that unauthorized ONE had been minted and sent to exchanges.

It said Monday that investigators had traced nearly all of the forged ONE to wallets or service boundaries and were working with exchanges, bridges and law enforcement. At last look, the token had a market cap of roughly $10.8 million, according to Coingecko data.

Harmony’s plan puts it alongside Ravencoin among networks seeking to reverse already confirmed blockchain activity after an exploit.

Ravencoin faced a potential three-day blockchain reorganization after a consensus flaw was exploited. Mining pools controlling most of Ravencoin’s hash rate began building a competing chain that could reverse previously confirmed transactions.

Ravencoin recent price of $0.002819 showed a market cap of $46.3 million.

Related: Ethereum devs to narrow 66 proposals tied to Hegotá upgrade

Трендові криптовалюти

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

PancakeSwapCAKE

DAPPOSDOS

Пов'язані питання

QWhat action is Harmony planning to take following the exploit that created forged ONE tokens?

AHarmony plans to roll back its blockchain to a checkpoint from August 11th, discarding over 109,000 transactions confirmed after that point.

QTo what specific date and time does Harmony plan to revert its blockchain?

AHarmony's validators will revert to blocks recorded at 11:25 pm UTC on August 11.

QWhy is Harmony not selectively restoring transactions after the rollback?

AHarmony stated that selectively restoring transactions would be unsafe because balances, contract states, nonces, and other conditions would differ on the replacement chain.

QWhat other blockchain network is mentioned as having considered a similar action after an exploit?

AThe article mentions Ravencoin as another network that sought to reverse already confirmed blockchain activity after an exploit, specifically facing a potential three-day blockchain reorganization.

QAccording to the article, what was the approximate market cap of the ONE token at the time of reporting?

AAccording to Coingecko data mentioned in the article, the ONE token had a market cap of roughly $10.8 million.

Пов'язані матеріали

Bithumb's First Half Report: Net Loss Exceeds $76 Million, Where Did the Profits Go?

**Title: Bithumb H1 2026 Report: Net Loss Exceeds $76M – Where Did the Profits Go?** Despite a headline net loss of approximately 108.7 billion KRW (~$76.44 million) for the first half of 2026, a detailed breakdown reveals Bithumb's core exchange business remained profitable. The significant loss was primarily driven by two major non-operating items: substantial losses on the disposal and valuation of the company's own cryptocurrency holdings (net loss ~$48.21 million) and a sharp increase in litigation provisions (~$25.93 million), largely linked to a regulatory fine. Operating revenue fell 48.7% year-on-year to ~$119 million, almost entirely from transaction fees, as market activity cooled. While the company drastically cut marketing and subsidy expenses by ~70% to protect margins, more rigid costs like payment processing and salaries declined only modestly. This highlights the vulnerability of its highly fee-dependent revenue model in a down market. Total assets decreased by ~$584 million, but this was largely attributable to an ~86% drop in client KRW deposits. The market value of client crypto assets under custody also fell (~32.7%), partly influenced by declining cryptocurrency prices rather than solely client withdrawals. In summary, the report indicates underlying exchange profitability was eroded by significant crypto asset losses and mounting regulatory/legal costs, against a backdrop of declining trading revenue. Future focus should be on revenue recovery, managing crypto-related损益, and the ongoing impact of regulatory challenges.

marsbit6 хв тому

Bithumb's First Half Report: Net Loss Exceeds $76 Million, Where Did the Profits Go?

marsbit6 хв тому

BitMart's Final 9 Days: A True Exchange Crisis Is Never About Shutting Down

BitMart's Final 9 Days: A True Exchange Crisis Is Not About Shutting Down On August 17, 2026, with just 9 days until BitMart's scheduled cessation of trading, the focus shifted from the platform's orderly closure to serious questions about user withdrawals, platform solvency, employee payments, and reserve transparency. Stakeholders, claiming to represent users and staff, publicly demanded asset/liability disclosures, explanations for withdrawal delays, a user repayment plan, and an independent audit, setting an August 19 deadline. While BitMart CEO Sheldon Lee denied allegations of insolvency or wrongdoing, the controversy highlighted a core vulnerability of centralized exchanges (CEXs). When an exchange announces its shutdown, normal user behavior changes dramatically, triggering a mass withdrawal event—the ultimate stress test for its liquidity and custodial integrity. The key question becomes not whether the platform has assets, but whether it holds sufficient *liquid* assets to cover all user liabilities on demand. The article argues that the trust placed in CEXs is based on the convenience they provide, abstracting users from direct control of their private keys. This trust is rarely questioned during normal operations but becomes critically exposed during a wind-down. The situation underscores the limitations of simple Proof of Reserves, which shows "what we have" but not the crucial "what we owe." True financial credibility requires transparent, auditable data on assets, liabilities, and segregated user funds. BitMart's situation reflects a broader, often overlooked issue in the crypto industry: while there is extensive focus on growth mechanisms for exchanges, there is little discussion or established protocol for a safe and transparent "exit mechanism." The final measure of an exchange's integrity, the article concludes, is not its user count or trading volume during a bull market, but its ability to ensure every last user can successfully withdraw their assets when the doors are closing. The outcome will be determined not by statements, but by whether the final user's funds securely leave the platform.

marsbit1 год тому

BitMart's Final 9 Days: A True Exchange Crisis Is Never About Shutting Down

marsbit1 год тому

Don't Speculate on 100x Coins, Just Bet on 'Cash Cows': Which Projects Are Worth Dollar-Cost Averaging in the Bear Market?

In a bearish crypto market, finding sustainable investments is more prudent than chasing speculative meme coins. This article analyzes projects generating consistent revenue, highlighting them as potential "cash cows" for long-term dollar-cost averaging (DCA). The top performers are "picks-and-shovels" plays. **Pump.fun**, a Solana-based meme coin launchpad, leads with $415.3M in monthly revenue, profiting from a 1.25% fee on token transactions. Despite market volatility, it has averaged tens of millions in monthly income in 2024. Perpetual DEX **Hyperliquid** stands out as a "bear market star," accumulating ~$352M in revenue over seven months. Its model funnels ~99% of fees into buying back and permanently burning its HYPE token. Established giants are also adapting. **Uniswap**, after enabling its fee switch, now earns protocol revenue (e.g., $5.6M recently), which is used to buy back and burn UNI, giving the token direct value accrual. Similarly, oracle provider **Chainlink** generates stable monthly revenue (~$4.57M recently) from its essential data, cross-chain, and automation services. Its new Payment Abstraction feature automatically converts service fees into LINK, accruing value in its treasury. The core thesis is clear: in a downturn, focus on projects with proven, resilient business models—those acting as essential infrastructure or capturing consistent transaction fees—rather than speculative narratives.

marsbit1 год тому

Don't Speculate on 100x Coins, Just Bet on 'Cash Cows': Which Projects Are Worth Dollar-Cost Averaging in the Bear Market?

marsbit1 год тому

Just Now, Anthropic's Annualized Revenue Breaks Through $65 Billion, Sprinting Towards the Largest IPO in History

According to a Bloomberg report, Anthropic has disclosed to investors that as of the end of July, its annualized revenue run-rate (ARR) has reached $65 billion. This marks a dramatic acceleration from late 2025, when the ARR exceeded $9 billion, representing a more than seven-fold increase in just a few months. Preliminary revenue for the latest completed quarter (Q2) surpassed $11.5 billion, approximately 14.6 times the $787 million reported for the same period last year. Notably, the company also achieved positive adjusted operating profit for the quarter. A key driver behind this explosive growth is the enterprise market, particularly the adoption of products like Claude Code for software engineering and complex knowledge work. The shift from occasional conversational queries to continuous, high-token-consumption workflows within enterprises has significantly boosted revenue. This financial update comes as Anthropic is reportedly preparing for a potential IPO as early as October, with an expected valuation of $2 trillion or higher, which could make it the largest IPO in history. The surging revenue run-rate provides a crucial metric for investors, shifting the narrative from being an OpenAI challenger to demonstrating rapid scaling, enterprise penetration, and a path toward profitability amidst high compute investments.

marsbit1 год тому

Just Now, Anthropic's Annualized Revenue Breaks Through $65 Billion, Sprinting Towards the Largest IPO in History

marsbit1 год тому

Trends in U.S. Stocks (August 18): U.S.-Iran Deal Prospects Dim, Major Indices See Two Consecutive Down Days, Chip Stocks Defy Market Decline

**Market Overview:** On August 18th, U.S. stock indices declined for a second consecutive day. The S&P 500 fell 0.52%, the Dow dropped 0.51% to a two-week low, and the Nasdaq slipped 0.32%. The decline was driven by heightened geopolitical risk as U.S.-Iran negotiations reached a key deadline without an extension, dimming the prospect of a long-term agreement. **Key Drivers:** * **Geopolitics & Oil:** The failure to extend the U.S.-Iran memorandum led to a surge in oil prices, with Brent crude closing above $90/barrel for the first time in three weeks. * **Treasury Yields:** The 30-year U.S. Treasury yield hit a high not seen since 2007, driven by heavy corporate issuance (notably for AI investments) and ongoing fiscal deficits. * **Sector Performance:** While the "Magnificent Seven" tech giants all closed lower, semiconductor stocks bucked the trend. The Philadelphia Semiconductor Index rose 1.6%, led by memory chipmakers (e.g., SanDisk, Micron) and optical communication companies, as investors focused on the strong demand outlook for AI-related hardware. * **Currency & Safe Havens:** The U.S. Dollar Index fell for a third day, while the offshore Chinese Yuan hit a three-year high. Gold prices rose to a two-month peak, supported by safe-haven demand outweighing pressure from rising yields. Bitcoin also gained. **Outlook:** Market focus remains on potential escalation in the Middle East and its impact on oil, alongside continued scrutiny of AI-related earnings and demand signals.

marsbit1 год тому

Trends in U.S. Stocks (August 18): U.S.-Iran Deal Prospects Dim, Major Indices See Two Consecutive Down Days, Chip Stocks Defy Market Decline

marsbit1 год тому

Торгівля

Спот

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни ONE (ONE).

Harmony plans rollback, wiping 109,000 transactions after ONE exploit

Анотація

Трендові криптовалюти

Пов'язані питання

Пов'язані матеріали

Bithumb's First Half Report: Net Loss Exceeds $76 Million, Where Did the Profits Go?

BitMart's Final 9 Days: A True Exchange Crisis Is Never About Shutting Down

Don't Speculate on 100x Coins, Just Bet on 'Cash Cows': Which Projects Are Worth Dollar-Cost Averaging in the Bear Market?

Just Now, Anthropic's Annualized Revenue Breaks Through $65 Billion, Sprinting Towards the Largest IPO in History

Trends in U.S. Stocks (August 18): U.S.-Iran Deal Prospects Dim, Major Indices See Two Consecutive Down Days, Chip Stocks Defy Market Decline

Торгівля

Популярні статті

Як купити ONE

Обговорення