Ethereum · The Block
Harmony has proposed airdropping new ONE tokens on Ethereum and migrating exchange listings
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The platform said it seeks to snapshot tokens held in user wallets, staking delegations, validator rewards, smart contracts, and centralized exchanges at the final block.
Key facts
- In the following year, the FBI attributed the attack to the North Korean state-backed hacker organizations, the Lazarus Group and APT 38
- Attackers stole crypto assets valued at nearly $100 million, including Ethereum and various stablecoins
- Harmony experienced a major exploit last month where an attacker reportedly minted 4 billion unauthorized ONE tokens
- Harmony announced Sunday that it plans to sunset its Layer 1 blockchain and proposed migrating its native ONE (ONE) token to Ethereum, citing continued security threats
Summary
Harmony announced Sunday that it plans to sunset its Layer 1 blockchain and proposed migrating its native ONE (ONE) token to Ethereum, citing continued security threats. "The threats posed by state actors and AI agents are too great," Harmony wrote in its X announcement. Harmony said it would help validators transition into new roles in the platform's proposed new initiative involving a "remix economy" with AI video creators. The new initiative model revolves around a small group of AI video creators that would publish open prompts and assets. "We will bootstrap this economy with creators and operators who make AI videos," Harmony said.