Harmony reported a new plan to compensate $100 million – Bits Media

The Harmony One project told users about the new plan of compensation for assets for $100 million, stolen in June as a result of a hacker attack on Horizon Bridge.

Initially, Harmony planned to compensate for losses using additional emission of One tokens. New The compensation plan provides for an alternative option for repaying losses through the use of treasury funds. Harmony added, that a more detailed description of the mechanisms of using funds for compensation will be published in the coming days.

“We propose not to release more tokens One and not to change our tokens with the help of a hard fork. Instead, we propose to direct our treasury as restoration, and for the development of the project ", - said the Harmony team.

Recall, that the hacker attack on Horizon Bridge occurred in June. Then almost stolen $10 a million in USDT, more $41 million in USDC, $5.5 a million in Busd and around 6 million in DAI. The attackers also managed to steal 592 wBTC, 415 000 SUSHI и 43 weth. After receiving funds, the hackers began to exchange cryptoactives through a decentralized UNISWAP exchange rate.