Harmony Protocol Amends Recovery Plan After $100 Million Horizon Exploit

Summary: The team published an amended bridge recovery plan featuring 0% token mints and treasury vault deployment. A previous plan recommended forking the chain and minting more ONE tokens but the community voted against such a move. Recovery plans became a hot topic in the Harmony community after the protocol’s Horizon bridge suffered a $100 million hack. On-chain security firm Elliptic tied the massive exploit to the North Korean cybercriminal group Lazarus. Harmony protocol has released the first component of […]