
Exploit inflates ONE supply by 26% — Harmony considers rollback	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

August 12, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

⚖️ Regulators allege founder diverted $51M for luxury spending
💰 ONE token plunges 34% amid Harmony exploit and rollback talk.
⚖️ New York seeks billions from Kalshi over alleged illegal gambling
📰 Keep reading for all of today’s biggest headlines

SEC, CFTC sue Goliath Ventures over $400M crypto Ponzi scheme

US regulators sued Goliath Ventures and its founder over an alleged $400 million crypto Ponzi scheme, claiming they promised liquidity-pool returns but instead paid earlier investors and diverted millions for personal luxury spending. The SEC and CFTC filed separate civil actions, with the founder agreeing to settle the SEC case while the CFTC seeks restitution and penalties. He previously pleaded guilty to wire fraud and money laundering charges.

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Harmony considers rollback after suspected exploit inflates ONE supply

Harmony is considering rolling back its blockchain after a suspected exploit allegedly minted nearly 4 billion ONE tokens—about 26% of the supply—and funneled roughly 2.8 billion to exchanges, causing the token to drop nearly 34% in 24 hours. The layer-1 blockchain said it is working with exchanges to freeze funds and preparing a patch, though it hasn’t confirmed the cause or the exact number of tokens involved. The incident comes after Harmony’s $100 million Horizon Bridge hack in June 2022, which was attributed to North Korea’s Lazarus Group.

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CFTC invokes emergency powers to keep Kalshi operating in New York fight

The CFTC invoked its emergency authority to order prediction market Kalshi to keep operating, arguing that New York’s enforcement action against the exchange constitutes a market emergency. The move escalates a jurisdictional clash over whether state gambling laws can apply to federally regulated event contracts, with the CFTC asserting that federal law requires a uniform national derivatives market. While the order directs Kalshi to continue business as usual, it does not resolve the underlying lawsuit or the broader preemption dispute, which also involves eight other states.

Inside the fake crypto startup that fooled North Korean IT workers

Researchers created a fake crypto startup, Ballena Azul, to lure suspected North Korean IT workers into exposing their methods. Posing as investors and co-founders, they tracked the workers for five weeks, uncovering recycled servers linked to North Korean malware, heavy reliance on AI tools like ChatGPT, and techniques for hiding their identities.

The ruse ended with a staged confrontation, and the workers never realized they’d been studied. The investigation highlights how North Korean IT workers infiltrate companies to steal data or fund the regime, with such schemes generating nearly $800 million in 2024.