Backlash as Harmony proposes minting 4.97B tokens to reimburse victims
Under the proposal, there would be either a 100% reimbursement via 4.97 billion new ONE tokens, or a 50% reimbursement with 2.48 billion ONE tokens.
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Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst
On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic…