Harmony blockchain updates the plan for recovering from the Horizon Bridge attack

Following the $100 million Horizon Bridge hack in June, the Harmony Blockchain team updated its community and partners on its asset-recovery proposal, which aims to protect Harmony’s blockchain without creating new tokens.

In the new proposal, announced today via a blog post, the Harmony team said that after listening to Harmony’s validators and community, it shared the goal of “preserving the foundation of the Harmony blockchain with 0% minting,” and now proposed to use the foundation treasury for recovery funds.