Developers want to voluntarily shut down the network, saying state actors and AI agents have made security too difficult, then redirect ONE emissions into an AI video business.
- Harmony’s developers have proposed shutting down the blockchain and moving ONE balances to Ethereum, citing the growing cost and difficulty of defending the network from state actors and AI agents.
- Under the nonbinding plan, Harmony would take a final snapshot and automatically issue matching ERC-20 tokens, while validators could receive compensation for closing nodes and supporting a new AI video venture.
- The proposal follows major security failures, including a $100 million bridge theft in 2022 and an August exploit that prompted a controversial rollback erasing more than 109,000 transactions.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
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Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
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