harmony

Harmony has released two proposals to comprehensively shut down the mainnet launched in 2019, migrate the native token ONE to Ethereum, and shift towards an AI video "mashup economy" business. The team stated that the threats posed by national-level attackers and AI entities are the reasons for proposing the network shutdown plan.The migration plan proposes to take a snapshot of user wallets, staking delegations, validator rewards, smart contracts, and tokens within centralized exchanges at the last block of the network, airdropping new ONE to the same wallet addresses on Ethereum, with holders not needing to actively claim; delegated stakes and unclaimed rewards will be airdropped to their respective governance vaults. The total supply of ONE and the issuance rate will remain unchanged, with newly issued tokens intended for the new business and feedback from governors being considered.Multi-signature wallets, liquidity pools, and on-chain applications cannot be migrated. The team urges users to exit all smart contracts by September 10, 2026, and plans to publicly disclose token contracts, snapshot calculations, and airdrop scripts for auditing. Validators can stop running nodes starting from September 10 at 22:00 Beijing time. The team plans to compensate for the difference in issuance rewards between node shutdown and the final block of the network, establishing a one-time compensation pool of $1.372 million, to be paid in four quarters to validators and their delegators who timely shut down, sign agreements, retain stakes, and serve as governors of the new project.The new business will open up prompts and materials for users to create secondary content, with AI entities expanding video stories, and will recruit operators responsible for video generation, distribution, and content review. Harmony plans to subsidize GPU hardware in the first year and promote demand for video generation, with operators required to stake tokens to earn rewards based on service online time. The team plans to help operators generate up to $1 million in total revenue in the first year, provided they meet staking and online rate requirements; promoters can initially earn a 30% ongoing commission from each $10 monthly subscription they recommend. Both proposals are non-binding and the plans may still be adjusted.

The blockchain protocol Harmony Protocol announced a complete network rollback due to a security vulnerability incident. Shard 0 and Shard 1 will roll back to block heights 92,730,034 and 94,978,278, corresponding to the state on August 11 at 23:25:37 UTC. The attacker exploited vulnerabilities in cross-shard receipt validation and quorum validation to mint ONE. A single wallet initiated 534 fraudulent transfers of 5 billion ONE each within 106 seconds, of which 477 were successful, illegally minting and transferring 2.385 trillion ONE, causing the price of ONE to drop by over 30%.Harmony has deployed emergency patch Mainnet v2026.1.1, suspended cross-chain bridge services, and requested exchanges to freeze related addresses. Over 99.9% of the counterfeit token flow has been tracked, and validators will regenerate blocks from the target block, permanently discarding 141,628 blocks during the rollback period, including 109,126 ordinary transactions and 315 staking transactions.

Harmony has released a rollback plan, intending to retain shard 0 block 92,730,034 and shard 1 block 94,978,278, both corresponding to the time of August 11, 2026, 23:25:37 UTC.Validators will use a replacement database, and the new client version will reject the relevant abnormal block hashes, subsequently continuing to produce blocks from the new block height.

Harmony Protocol released an event update stating that an unauthorized ONE minting incident occurred. Investigations show that the attacker exploited a cross-shard receipt replay vulnerability, allowing processed cross-shard receipts to be executed multiple times, and minted ONE in empty blocks.The team is currently verifying two sets of impact data: early analysis indicates that the first round of minting involved 4 billion ONE, while the latest on-chain reconstruction shows that approximately 3.01 trillion ONE were issued to four attacker wallets through six forged cross-shard transactions. Harmony Protocol confirmed the first round of minting of 4 billion ONE, generated through two empty block accounting transactions that produced 1 billion and 3 billion ONE respectively, of which 2.8 billion ONE were subsequently transferred to other attacker addresses.The team has fixed the cross-shard receipt verification and pre-staking committee quorum verification vulnerabilities and deployed Mainnet v2026.1.1. Bridge services have been suspended, and Harmony Protocol is coordinating with validators, trading platforms, and LayerZero to freeze related funds, preparing to roll back the network to block 92,730,034 before the attack occurred. Currently, Shard 0 has been paused at block 92,753,555, and the official RPC may return a 502 error as a result.

According to Harmony monitoring, Harmony stated that it is advancing the rollback plan and has reached an agreement with validators and exchanges on the specific path. The minting vulnerability fix has been activated, and a complete list of attacker wallets will be announced soon.Previously, the number of ONE tokens abnormally minted on the Harmony network had exceeded 30 trillion, involving 6 abnormal blocks.

Harmony stated that it is collaborating with internal teams and relevant exchanges to attempt to stop and freeze the flow of related funds. A patch and rollback plan are also being developed. Further information will be updated in a timely manner.

"New Stock God" Serenity posted again on platform X, stating: "If we comprehensively consider the cost of components, existing customers, and the scale of the robotics market, the stock price of LeaderDrive is severely undervalued in the coming years. However, I cannot control short-term fluctuations, especially considering the macroeconomic environment."

OKX will open deposits for Harmony (ONE) on January 6 at 15:00, the ONE/USDT trading will start at 18:00, and withdrawals will be available on January 7 at 18:00.

According to the threat intelligence released by the SlowMist security team, its threat intelligence system MistEye has received community feedback regarding an active social engineering attack targeting cryptocurrency users.The attackers contact target users under the pretext of project collaboration, luring them to use a counterfeit "Harmony Voice" software (domain: harmony-voice[.]app) for so-called real-time translation, which is actually malware. SlowMist has synchronized the relevant threat intelligence (IOC) to its corporate clients.

Huawei has launched the Xiaoyi Claw based on the HarmonyOS, which is currently in beta version. According to the introduction, Xiaoyi Claw can assist users with tasks such as document editing, writing PPTs, and automatically replying to emails, supporting multi-device collaboration and presetting various personalities.Previously, the Huawei Xiaoyi Open Platform indicated that it has added the OpenClaw mode.

Regarding Solana's mockery of Starknet with "only 8 daily active users and just 10 daily transactions," and Starknet's subsequent response, "Who told this little brother Solana the data?" He Yi responded on social media, stating: "Take a deep breath and relax, we are all friends, and harmony is precious."He Yi also added "peanuts, sunflower seeds, and mineral water," calling for the outside world to view the related discussions with a more relaxed mindset, avoiding excessive controversy due to on-chain data comparisons.

ChainCatcher news, according to China Business News, HarmonyOS has announced the establishment of an open ecosystem for meta-services, which includes digital renminbi. This means that HarmonyOS users can use the corresponding services without downloading the digital renminbi app, allowing them to make payments with digital renminbi as soon as they get their phones, innovatively achieving a deep integration of legal digital currency functions with the mobile operating system.It is understood that in terms of cooperation with the HarmonyOS system, the next step for digital renminbi will be to strengthen its deep integration with the HarmonyOS system, enrich the application and management functions of the digital renminbi wallet, jointly develop financial middleware, and support interaction with other financial applications, thereby providing safer and more convenient digital renminbi services. At the same time, it will enhance risk monitoring and risk prevention capabilities, using security detection technology to ensure the authenticity and reliability of the mobile operating environment, while protecting user privacy and security, improving the central bank's penetrating regulatory capabilities for digital renminbi, and achieving comprehensive business management and risk prevention. In addition, digital renminbi will help HarmonyOS strengthen its financial service ecosystem, covering more smart IoT devices through the integration of digital renminbi and open-source HarmonyOS.It is understood that through cooperation with HarmonyOS, digital renminbi will form a replicable and promotable model, advancing in-depth cooperation with other domestic mobile phone manufacturers, achieving the embedding of digital renminbi in a componentized form within the underlying operating systems of domestic phones, and building central bank management capabilities that adapt to the open ecosystem of digital renminbi. On this basis, it will continuously improve the cooperation model with mobile phone manufacturers and operating system vendors, creating a collaborative and win-win ecosystem.

ChainCatcher message, Binance will support the Harmony (ONE) and VITE (VITE) network upgrades and hard forks to ensure user experience.Among them:The Harmony (ONE) network upgrade and hard fork will take place at block height 64,847,872 (approximately at 21:00 Beijing time on October 31).The VITE (VITE) network upgrade will take place at block height 166,869,900 (approximately at 22:30 Beijing time on October 31).

ChainCatcher message, Binance announced that it will support the Sei (SEI) and Harmony (ONE) network upgrades and hard forks to ensure the best user experience.The Sei (SEI) network upgrade will take place at block height 84,006,014, approximately on June 19 at 16:00 (UTC). Binance will suspend deposits and withdrawals of tokens on the Sei (SEI) network starting from June 19 at 15:00 (UTC).The Harmony (ONE) network upgrade and hard fork will occur at block height 59,080,704 (around June 20 at 00:07). Binance will suspend deposits and withdrawals of tokens on the Harmony (ONE) network starting around June 19 at 23:07.

ChainCatcher news, according to DL News, reported by Aaron Li, a participant in the Harmony ecosystem of the public chain project, that last December, Harmony had a vulnerability in its staking contract, which resulted in some staking users receiving an excess of 150 million ONE tokens, worth approximately 2.2 million dollars.Aaron Li accused the Harmony team of not responding to the vulnerability in a timely manner within 5 days of the report's release, leading to the problem escalating. Ultimately, Aaron Li decided to investigate the issue personally and found a temporary solution on December 12.On the other hand, Harmony software engineer Casey Gardiner accused Aaron Li of "not reporting the vulnerability in a timely manner" and of selling ONE tokens during the vulnerability period.

ChainCatcher news, according to Chainalysis data, $21.9 million worth of cryptocurrency stolen from Harmony Protocol has recently been transferred to a Russian exchange known for handling illegal transactions.In addition, Chainalysis evidence indicates that since 2021, North Korean entities have been using Russian services (including this exchange) for money laundering.

ChainCatcher news, according to on-chain analyst ZachXBT, the $290 million in hacker funds recently stolen by the North Korean criminal group Lazarus Group has been aggregated on-chain. This includes funds from the Harmony Protocol hack, Atomic Wallet exploit, CoinsPaid hack, and Alphapo hot wallet hack.ZachXBT stated that the funds from such exploits typically end up flowing into over-the-counter trading platforms on Tron.