Used to be Harmony One holder, but got out in March when I realised their vision at the time was DAO, which turns out to be rug pull and pump and dump scheme. To name one, WAGMI coin, which is a fork of OHM. Now it is completely worthless.
The hack is no different to what occurred with Ronin network. 2 out 4 wallets were compromised to make transactions to unlock tokens on Ethereum side. But it was angrier that the exploit was warned in April, but the Harmony team didn't give a shit. And guess what, investors who locked their tokens on Ethereum side got rekt. Not only that, tokens that were minted on Harmony side by locking the same tokens (ETH, WBTC) are eventually worthless now, because tokens on Ethereum side were gone now.
https://twitter.com/0xIvo/status/1540165571681128448?s=20&t=K7AJ4gjpfUhQRfd9UE9iuA
I finally got what Benjamin Cowen said that during bull market, a lot of shit coin or weak projects were trying to push things out as quickly as possible to catch price movement. But when the bear market kicks in, those will drop hard and probably could never return. We'll see about that.
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