POPA ReconHarmony to Sunset Its Layer 1 and Migrate ONE to Ethereum
Harmony to Sunset Its Layer 1 and Migrate ONE to Ethereum Harmony has proposed shutting down its Layer 1 network and airdropping new ONE tokens to holders on Ethereum, ending one of the earlier sharded proof-of-stake chains. Balance will be snapshotted at the final block, with new ONE issued 1:1 on Ethereum and no claim required. The proposal follows an August exploit in which an attacker minted trillions of unauthorized ONE, months after the roughly $100M Horizon bridge hack in 2022. Harmony framed the decision bluntly, saying the threats posed by state actors and AI agents are too great to…
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