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⚠️ harmony:native is dangerous to trade right now - both spot and futures.
Why:👇
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7RW retweeted
⚠️ harmony:native is dangerous to trade right now - both spot and futures.
Why:👇
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7RW retweeted
🚨 Bitget hack - latest details
Bitget CEO Gracy Chen shared an update on the first hours of the investigation into the $351.6M attack.
Key points:
👇
Bitget reportedly hacked with over $200,000,000 stolen.
Another hack during a bull market.
Why are people still keeping money on Bitget and other exchanges?
They get hacked - withdrawals can be frozen.
They ask for KYC - and you can end up waiting weeks or months.
Not your keys, not your money.
If your funds are sitting on an exchange, they’re not really your money.
They’re under the exchange’s control.
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7RW retweeted
Bitget reportedly hacked with over $200,000,000 stolen.
Another hack during a bull market.
Why are people still keeping money on Bitget and other exchanges?
They get hacked - withdrawals can be frozen.
They ask for KYC - and you can end up waiting weeks or months.
Not your keys, not your money.
If your funds are sitting on an exchange, they’re not really your money.
They’re under the exchange’s control.
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Why:
➟ Deposits and withdrawals are closed on many exchanges or being migrated to the new ERC-20
➟ Price spreads can reach 10-30% between exchanges like OKX / Gate
➟ Futures volume is roughly 15x higher than spot: ~$340M vs ~$23-25M in 24h
➟ Open Interest is around $30M vs roughly $35M market cap
Why are futures still trading?
➟ Perpetuals trade in USDT - you don't need to hold real ONE in your wallet
➟ Futures can keep trading even when deposits/withdrawals are frozen
➟ With thin spot liquidity and uncertainty around the migration, the spot-futures basis can easily blow out
➟ Funding can also become aggressive
Spot is even more fragile:
➟ The order book is extremely thin - even a small order can move the price hard
➟ ±2% depth on some exchanges is only a few thousand dollars
➟ Arbitrage is limited because transfers between exchanges are frozen
And then there's the migration:
➟ Harmony is shutting down its L1 and moving ONE to Ethereum
➟ LPs, contracts and multisigs may not migrate
➟ August exploit + the old Horizon Bridge hack
➟ It's unclear which balance and which contract exchanges will credit after the snapshot
This isn't just a "wide spread."
It's frozen transfers + a thin spot order book + an Ethereum migration + a huge futures imbalance.
Until deposits and withdrawals are restored and exchanges move to the same ERC-20 ONE, extreme price differences can continue.
ONE is a very thin and high-risk market right now.
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🚨 Bitget hack - latest details
Bitget CEO Gracy Chen shared an update on the first hours of the investigation into the $351.6M attack.
Key points:
👇
Bitget reportedly hacked with over $200,000,000 stolen.
Another hack during a bull market.
Why are people still keeping money on Bitget and other exchanges?
They get hacked - withdrawals can be frozen.
They ask for KYC - and you can end up waiting weeks or months.
Not your keys, not your money.
If your funds are sitting on an exchange, they’re not really your money.
They’re under the exchange’s control.
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715
➟ Private keys were not compromised
➟ Attackers gained access to Bitget’s internal systems
➟ ~103M XRP ($157.4M) and 31,890 ETH (~$86M) were drained
➟ Tens of millions more were taken in stablecoins and other assets
➟ Bitget’s cold wallets remain safe
➟ Bitget Wallet was not affected
➟ Withdrawals are temporarily suspended
➟ Mandiant and SlowMist are investigating
Bitget says the attack pattern, IP activity and on-chain traces may point to North Korean hackers. However, the involvement of North Korea or the Lazarus Group has not been officially confirmed.
📌 Bybit CEO Ben Zhou has also joined the investigation. Bybit is updating LazarusBounty to track the stolen funds and help freeze and recover them.
Bitget says user balances remain intact, and its User Protection Fund will cover the impact of the platform-level incident.
No exact timeline for restoring withdrawals has been announced yet.
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Bitget reportedly hacked with over $200,000,000 stolen.
Another hack during a bull market.
Why are people still keeping money on Bitget and other exchanges?
They get hacked - withdrawals can be frozen.
They ask for KYC - and you can end up waiting weeks or months.
Not your keys, not your money.
If your funds are sitting on an exchange, they’re not really your money.
They’re under the exchange’s control.
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At 18:31 UTC on September 24, 2026, Bitget’s security systems identified unauthorized transfers involving a limited number of hot wallets.
Our security team immediately activated emergency response procedures and began a full investigation.
Based on our current assessment, approximately $351.6 million in assets were affected. Bitget’s cold wallets and the overwhelming majority of platform assets remain secure and unaffected.
Most importantly, user funds remain protected.
The incident falls within the coverage of Bitget’s User Protection Fund, which currently holds more than $464 million.
Customer account balances remain accurate, and deposits and trading continue to operate normally.
As a precaution, withdrawals have been temporarily suspended while our teams complete a comprehensive security review.
We have identified and flagged the relevant transfer addresses and have formally engaged law enforcement agencies and leading on-chain security partners.
We are working around the clock to restore withdrawal services as soon as it is safe to do so.
Bitget will provide further updates through our official channels.
We will not speculate on the attack vector while the investigation remains ongoing. Our focus is on protecting users, securing all systems, and delivering complete transparency throughout this process.
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7RW retweeted
🧬 Harmony shut down its blockchain.
cross-2:native is moving to Ethereum as an ERC-20 - the airdrop goes automatically to the same addresses.
After the August hack, they decided not to continue the L1.
The project is now focused on AI video and the Remix Economy.
Old Harmony is dead.
The token is still alive, but this is a completely different story now.
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🚨 Harmony
Basically, the account is working as a migration channel right now
Exchanges are adding the new token, while the team keeps tracking the progress
The AI video side - LTX operators, remixes, subscriptions - is still mostly covered in older long-form posts rather than daily updates.
@harmonyprotocol
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🧬 Harmony shut down its blockchain.
cross-2:native is moving to Ethereum as an ERC-20 - the airdrop goes automatically to the same addresses.
After the August hack, they decided not to continue the L1.
The project is now focused on AI video and the Remix Economy.
Old Harmony is dead.
The token is still alive, but this is a completely different story now.
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cross-2:native is moving to Ethereum as an ERC-20 - the airdrop goes automatically to the same addresses.
After the August hack, they decided not to continue the L1.
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7RW retweeted
UP OR DOWN?
What do you guys think? 👀
Let’s check the comments.
While I was writing the tweet, funding went up again.
Harmony Funding Rate by Exchange
Gate -1.8313% Funding Rate
Harmony harmony:native
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7RW retweeted
MM pressing hard.
ONE orderbook looking heavy af
Fat sell walls stacked right above price:
0.00336 — ~10M
0.00331 — ~9.6M
0.00337 — ~5.5M
Absorbing every buy and watching who blinks first
Harmony harmony:native
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7RW retweeted
It's very strange that in the comments they write about this $ONE token that it will cost 1 dollar and 30 cents, but at the same time the price is falling.
I think this is written by bots.
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7RW retweeted
READY FOR THE PUMP, GUYS?
Harmony $ONE
MM pressing hard.
ONE orderbook looking heavy af
Fat sell walls stacked right above price:
0.00336 — ~10M
0.00331 — ~9.6M
0.00337 — ~5.5M
Absorbing every buy and watching who blinks first
Harmony harmony:native
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