Key facts
- Harmony plans to roll back its blockchain to August 11.
- An exploit created forged ONE tokens on the Harmony blockchain.
- Over 109,000 transactions will be discarded due to the rollback.
- The rollback is intended to prevent an inconsistent chain state.
- Selective restoration of transactions was deemed too risky.
Harmony's blockchain is slated for a rollback to August 11 in response to a significant exploit. The exploit resulted in the creation of forged ONE tokens, leading to a substantial number of transactions being affected. To rectify the situation and prevent further inconsistencies, Harmony plans to discard over 109,000 transactions that occurred after the exploit. The network's decision to perform a full rollback, rather than selectively restoring transactions, is aimed at maintaining a consistent and secure chain state. Selective restoration was deemed too risky, as it could lead to an unstable and unreliable blockchain environment. This measure underscores the severity of the exploit and Harmony's commitment to network security and integrity.