Harmony Will Reconsider $100 Million Offer to Compensate Victims of Project’s Hack

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Stephen Tse, founder of blockchain project Harmony, has said the project’s team will reconsider a $100 million offer to compensate victims of the hack of the cross-chain bridge Horizon by issuing additional native ONE tokens.

Initially, the developers proposed to carry out a hard fork to compensate for the damage and release the required amount of ONE within three years. The plan provided for two options for additional emission: 2.4 billion ONE with a compensation for 50% of the damage, 4.97 billion ONE – for 100%.

At the same time, the Harmony team has that the Treasury funds for reimbursement are not enough and it does not consider spending them for this purpose.

According to the proposal:

“We have chosen not to use the foundation’s treasury in the interests of the longevity and well-being of the project, as recovering from these funds would greatly hamper the structure’s ability to support the growth of Harmony and its ecosystem.”

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