Backlash as Harmony proposes minting 4.97B tokens to reimburse victims
Under the proposal, there would be either a 100% reimbursement via 4.97 billion new ONE tokens or a 50% reimbursement with 2.48 billion ONE tokens.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Under the proposal, there would be either a 100% reimbursement via 4.97 billion new ONE tokens or a 50% reimbursement with 2.48 billion ONE tokens.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
U.S. Targets $1.2 Billion From Binance Hack—Where Is the Rest?
The Binance hack recovery has reached a significant milestone: U.S. authorities say more than $1.2 billion in stolen cryptocurrenc...
Thailand SEC Proposes Stablecoin Rules With 5M Baht Daily Caps for Crypto Transfers
Key Takeaways: Thailand suggests that daily deposits and withdrawals for stablecoins should be capped at 5 million baht. Only veri...
Aave Proposal Targets $3.5M in Added Annual Revenue Through Reserve-Factor Changes
TL;DR: TokenLogic proposes changes to Aave's reserve factors across 54 reserves. Its model estimates $3.5 million in additional an...
Ethlabs Calls for Ethereum Quantum Protection in 2027 as Upgrade Priorities Shift
TL;DR: Ethlabs proposes quantum readiness in 2027 and plans to withdraw its quick-slots work from Hegotá. Developers still need to...
US seizes $1.2 billion frozen after North Korean Binance hack
The US Department of Justice (DoJ) yesterday announced the seizure of $1.2 billion in cryptocurrency stolen from Binance last mont...
DOJ Wins Court Authority to Seize $1.2 Billion of North Korea’s Stolen Binance Crypto as Freezes Top $2.7 Billion
Bitcoin Magazine DOJ Wins Court Authority to Seize $1.2 Billion of North Korea’s Stolen Binance Crypto as Freezes Top $2.7 Billion...