{"id":12931,"date":"2026-09-07T23:37:33","date_gmt":"2026-09-07T23:37:33","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12931"},"modified":"2026-09-07T23:37:33","modified_gmt":"2026-09-07T23:37:33","slug":"a-seven-year-old-blockchain-is-permanently-abandoning-its-own-network-to-seek-refuge-on-ethereum","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12931","title":{"rendered":"A seven-year-old blockchain is permanently abandoning its own network to seek refuge on Ethereum"},"content":{"rendered":"

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Harmony is proposing to shut down the blockchain it controversially restored through a rollback less than three weeks ago.<\/p>\n

The Sept. 6\u00a0plan would end Harmony\u2019s independent network, move ONE to Ethereum, and preserve the token through a snapshot and airdrop, reversing the project\u2019s position from Aug. 17, when it rejected migration as too disruptive.<\/span><\/p>\n

Instead, Harmony chose to roll back the chain after an Aug. 11 exploit that allowed attackers to reuse cross-shard receipts and mint tokens without corresponding debits elsewhere.<\/p>\n

The project initially reported 4 billion ONE created in the attack. Its broader reconstruction later put unauthorized issuance at roughly 3.01 trillion ONE across six forged transactions.<\/p>\n

\"Harmony\"Harmony<\/p>\n

Harmony completed the rollback on Aug. 21, discarding more than 109,000 regular transactions and 315 staking transactions from the affected shard-0 archive, and said the network was operating normally.<\/p>\n

This represents the second major attack the blockchain network has suffered in recent years.<\/p>\n

In June 2022, Harmony\u2019s Horizon bridge was drained of nearly $100 million in an attack the FBI later attributed to North Korea\u2019s Lazarus Group.<\/p>\n