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The developers of Harmony, a layer 1 (L1) network, have proposed a plan to reimburse customers affected by the June 24 Horizon cross-chain hack. According to the Harmony has suffered an immense backlash from the crypto community after it passed a proposal to run a hardfork and issue more ONE tokens to reimburse users affected The Harmony protocol has been the subject of backlash as the firm announced a hard-fork proposal which will see Harmony mint up to 4.9 billion of its native In late June of this year, Harmony’s Horizon bridge was hacked. The perpetrators stole nearly $100 million from the attack. The attack affected 65,000 wallets Members of the Harmony (ONE) community have reacted angrily to a proposal from the Harmony team to reimburse victims of last month’s Horizon bridge hack in which almost US$100 million Recently, the Harmony team proposed that the platform should mint over 4.97 billion ONE. ONE is the native token of the platform. The aim of minting the tokens is to The team behind the Harmony blockchain project has proposed the minting of up to 4.97 billion worth of its native token ONE to compensate victims of the $100 million Horizon Bridge hack in Harmony’s core team has proposed a hard fork to mint billions of new harmony (ONE) tokens. The proposal is part of the plan to reimburse victims of its bridge hack Harmony has announced a reimbursement plan for the users who were affected in the Horizon bridge hack of June 2025. However, the community

The developers of Harmony, a layer 1 (L1) network, are facing significant backlash after proposing a reimbursement plan for users affected by the devastating June 24 Horizon cross-chain hack. This hack, which occurred in late June and affected 65,000 wallets, resulted in the theft of nearly $100 million. The proposed solution, however, is generating immense controversy within the crypto community.

Harmony's Reimbursement Plan Sparks Outrage

Recently, the Harmony team proposed minting over 4.97 billion ONE, the platform's native token. This hard fork proposal aims to compensate victims of the $100 million Horizon Bridge hack. However, this plan to issue more ONE tokens has been met with fierce opposition. Members of the Harmony (ONE) community have reacted angrily to the suggestion, as it would dilute the value of existing holdings.

The Core Issue: Dilution of ONE Tokens

Harmony’s core team has proposed a hard fork to mint billions of new Harmony (ONE) tokens as part of their reimbursement strategy. The Harmony protocol has been the subject of backlash as the firm announced this hard-fork proposal, suggesting Harmony mint up to 4.9 billion of its native token. The attack on Harmony's Horizon bridge in June continues to cast a long shadow over the project. While Harmony has announced a reimbursement plan for the users who were affected, the community is largely unimpressed.

The debate continues to rage within the Harmony ecosystem, with users voicing concerns about the long-term effects of such a massive token issuance. The future of Harmony and its relationship with its community hinges on finding a resolution that addresses the losses from the June hack without further damaging the value of ONE.

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