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Harmony Proposes Blockchain Shutdown Citing AI and State Actor Threats

Created at 7 Sep · 4:21 PM1 source↑ Market-relevant
IN SHORT

Harmony has proposed shutting down its blockchain due to escalating threats from AI agents and state actors. The plan includes migrating the ONE token to Ethereum and reallocating token emissions to an AI video initiative, with a deadline for smart contract users to exit by September 10.

Key Numbers

September 10, 2026deadline for smart contract users
$1.372 millionproposed pool for validators
4 billionunauthorized ONE tokens created in exploit

Who's Involved

Harmony Team
proposed shutting down its blockchain network
AI agents
cited as a threat to blockchain operations
state actors
cited as a threat to blockchain operations
validators
may take governance roles or join AI-video business
Calle
developer and member of Bitcoin Red Team
Harmony Proposes Blockchain Shutdown Citing AI and State Actor Threats

↳ Why This Matters

The proposed shutdown highlights the growing security challenges facing blockchain networks, particularly from advanced AI-driven attacks and state-sponsored threats, potentially impacting investor confidence and the future of decentralized technologies.

Key facts

  • Harmony proposed shutting down its blockchain due to threats from AI agents and state actors.
  • The plan involves migrating the ONE token to Ethereum and reallocating token emissions to an AI video initiative.
  • Users must exit smart contracts by September 10, 2026, as they cannot be migrated.
  • A $1.372 million pool is proposed for eligible validators and their delegators.
  • Harmony previously experienced an exploit involving the creation of unauthorized ONE tokens.

Harmony, a layer-1 blockchain, has proposed shutting down its network on Sunday, citing escalating threats from AI agents and state actors. The team plans to migrate the ONE token to Ethereum, with balances recorded at the network's final block. Token emissions will be redirected to fund a new initiative focused on AI video, dubbed "The Remix Economy for AI Video".

Users with assets in smart contracts are urged to exit before September 10, 2026, as these cannot be migrated. Eligible validators and their delegators may receive payments from a proposed $1.372 million pool, distributed in four quarterly installments, provided they agree to serve as governors. The total supply and emission rate of the ONE token will remain unchanged.

This proposal follows a recent exploit where an attacker created approximately 4 billion unauthorized ONE tokens. The announcement also highlights the increasing role of AI in cybersecurity within the crypto space, with companies reporting suspected AI-assisted attacks and developers using AI to identify vulnerabilities. The Bitcoin Red Team, a group of volunteers using AI models, is mentioned as an example of efforts to proactively find and fix flaws in crypto software.

Frequently asked questions

Harmony cited escalating threats from AI agents and state actors as the primary reason for proposing the shutdown.

The plan is to migrate ONE token balances to Ethereum, with holders receiving replacement tokens on the Ethereum network based on a snapshot of their balances.

Users with assets in multisig safes, liquidity pools, and on-chain applications must exit these smart contracts before September 10, 2026, as they cannot be migrated.

Eligible validators and their delegators may receive payments from a $1.372 million pool in four quarterly installments, contingent on retaining stakes and serving as governors.

What Happens Next

01Users must exit smart contracts before September 10, 2026.
02Validators may take governance roles or join the AI-video business.
03The proposal is non-binding, with user feedback influencing the AI video initiative.

How It Developed

Harmony proposed shutting down its blockchain on Sunday.
The team cited threats from AI agents and state actors as the reason.
Harmony plans to migrate the ONE token to Ethereum via a snapshot.
Token emissions will be redirected to fund an AI video initiative.
Users with assets in smart contracts must exit before September 10, 2026.
Eligible validators and delegators may receive payments from a $1.372 million pool.
Harmony previously confirmed an exploit where unauthorized ONE tokens were created.

Sources

T1
Harmony Cites AI Threats in Proposed Blockchain ShutdownDecrypt

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