Harmony Protocol Exploit Wipes Thirty-Seven Percent as SEC Prepares Regulation Crypto for Thursday Vote

Chain Reaction by Capital Copilot · Aug 12, 2026 · 3m · transcript

August 12th, 2026: Harmony Protocol suffers a critical consensus exploit allowing unauthorized minting of four billion ONE tokens-roughly twenty-six percent of supply-causing a thirty-seven percent price crash as the team weighs a full blockchain rollback. The SEC schedules a groundbreaking vote on August 14th to propose Regulation Crypto, offering projects an escape hatch from securities registration with exemptions lasting up to four years. Meanwhile, Bitcoin holds near sixty-four thousand eighty-five dollars ahead of crucial CPI inflation data, Treasury yields compete with crypto for…