Harmony to erase 109,000 transactions after exploit

• Harmony plans to roll back its blockchain after an exploit created forged ONE tokens.
• The rollback would discard 109,126 regular transactions and 315 staking transactions.
• Validators will return to blocks recorded at 11:25pm UTC on August 11.

Harmony (CRYPTO:ONE) plans to roll back its blockchain after an exploit created forged ONE tokens.

The rollback would remove 109,126 regular transactions and 315 staking transactions confirmed after August 11.

Harmony said the rollback was needed because selective transaction recovery could create an inconsistent chain state.

Validators will return to blocks recorded at 11:25pm UTC on August 11, then create new blocks.

Harmony said investigators traced nearly all forged ONE tokens to wallets or service boundaries and are working with exchanges.

The ONE token had a market value of about $10.8 million when CoinGecko data was checked.

The rollback follows a separate Ravencoin dispute, where an exploit also led to a possible blockchain reorganisation.

At the time of reporting, Harmony price was $0.0007093.