Harmony: Working with the team and relevant exchanges to freeze funds, and advancing patch and rollback plans.

TechFlow reports that on August 12, Harmony stated it is collaborating with internal teams and relevant exchanges to attempt to halt and freeze relevant fund flows; simultaneously, it is developing patch and rollback solutions. Updates will be provided timely as further information becomes available.

Prior on-chain data analysis indicated that Harmony was suspected to have been attacked, where attackers exploited an empty block vulnerability to unauthorizedly mint approximately 4 billion ONE, accounting for approximately 26% of the current supply. Approximately 2.8 billion ONE were subsequently transferred to trading platforms, triggering market selling pressure and leading to a decline in ONE price.