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THE BLOCK: Harmony to wind down mainnet, weighs moving harmony:native token to Ethereum amid state-actor and AI risks

AI Market Summary
Harmony plans to sunset its mainnet and migrate the ONE token to Ethereum, citing escalating security threats from state actors and AI agents. The announcement follows a recent unauthorized mint of 4 billion ONE and echoes the 2022 Horizon bridge exploit (~$100M). The move underscores acute chain-level security and trust issues, likely increasing uncertainty around ecosystem continuity, liquidity, and token utility during any migration process.
Impact level
● Medium
Affected assets
ONE/USDT-1.95%
AI Insight · ONE/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
THE BLOCK reported that Harmony said it will sunset its mainnet and has floated a plan to migrate its native token, harmony:native, to Ethereum. The team cited rising threats from state actors and AI agents. The announcement follows last month's exploit involving the unauthorized minting of 4 billion ONE tokens. Harmony also referenced its prior security incident in 2022, when the Horizon crosschain bridge was hacked for nearly $100 million.
Selected
ETH
ETH+0.79%
ONE
ONE-1.82%
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