TokenPost
Global trending coin 1st place on CoinMarketCap is ZIG, while Korea's is CYBER. Among the global top 10, 8 were not included in Korea's top 10, showing a difference in interests between the two countries.
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Bloomingbit
Nెక్서스 announced that Kaia Labs has joined as a one-chain validator. Kaia Labs will participate in block generation, transaction verification, and network security and maintenance for the one-chain mainnet 2.0. Both companies plan to expand their cooperation in the future. This is expected to lay the foundation for the revitalization of the Korean blockchain industry.
TokenPost
Layer 1 blockchain Harmony will cease operations of its official block explorer on November 18th. Data prior to January 1st, 2025, must be downloaded directly, and records after that date can be checked with a separate lookup tool.
U.Today
Binance is delisting 22 tokens and restricting 8 services for Brazilian users from Oct 27. This move precedes the migration of Brazilian customers to local entities by Oct 29, alongside new compliance measures for international transfers.
TokenPost
In the global market, XDP recorded the highest number of views, with DeFi and infrastructure-related stocks ranking high. In contrast, in the Korean market, The Sandbox (SAND) took first place, but overall, many stocks showed a downward trend.
KITTO@kitto
Translated from Korean
After an attack on the Harmony network resulted in the forging of over 3 trillion ONE tokens, the team has resorted to a extreme measure: a blockchain 'rollback' to return the chain to its pre-attack state. According to The Block, validators have agreed to scrap all blocks generated following the attack. It appears they concluded that a rollback was the safest and fairest way to recover from the shock of such a massive forgery attack.
In the blockchain ecosystem, a rollback is a rare, last-resort measure because it undermines the core principle of transaction 'immutability.' However, given the overwhelming scale of the forged tokens, this seems to have been an unavoidable choice to protect the network itself.
Since the rollback could result in the cancellation of legitimate transactions that occurred after the attack, some community confusion seems inevitable for the time being. We need to monitor how assets are reconciled following this action and watch for any potential secondary impacts on liquidity pools.
KITTO@kitto
KITTO@kitto
KITTO@kitto
KITTO@kitto
Translated from Korean
A massive exploit has occurred on the Harmony blockchain. The attack resulted in the unauthorized minting of approximately 4 billion ONE tokens, a staggering amount representing 26% of the total supply. The Harmony team has announced that they have immediately suspended bridge services and are currently in discussions with major exchange partners to explore a rollback to restore the blockchain to its pre-hack state.
The sudden, massive inflation of the supply has left the community in shock. In particular, there is a lot of concern regarding the potential for a rollback, an option currently being evaluated by the Harmony team. There is intense debate between those who criticize it as a violation of the blockchain's fundamental values of consensus and immutability, and those who argue it is an unavoidable necessity to salvage a broken ecosystem.
This incident goes beyond asset losses; it has become a critical test that shakes the very foundations of the network's governance and trust. It remains to be seen whether negotiations with the exchanges will proceed smoothly and if an actual rollback will be implemented.