cryptonews
2022-07-27 08:04:00

Harmony Proposes Minting Billions of ONE Tokens to Reimburse Hack-Affected Users

Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens in order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen. The Harmony blockchain would have to hard fork and increase the supply of ONE to mint new tokens. The team said reimbursement would be in the form of ONE tokens and span a three-year period due to the treasury's limited ability to provide immediate reimbursement....Read More: Harmony Proposes Minting Billions of ONE Tokens to Reimburse Hack-Affected Users

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