Episode Details

Harmony is rolling back its blockchain to August 11th to undo a massive exploit that forged over 100,000 transactions and 315 staking events — including fake ONE tokens worth nearly $10.8M — after attackers minted and sent them to exchanges. The network will revert at 11:25 PM UTC, discarding all post-exploit activity to avoid risking account balances. Investigators have traced most tokens to specific wallets or services, and Harmony is partnering with exchanges, bridges, and law enforcement to recover assets. This isn’t the first time such a drastic move was needed — Ravencoin once faced a similar threat from mining pools building a parallel chain. The incident underscores crypto’s inherent risks and the high stakes involved in securing decentralized networks.

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