# Harmony Proposes Shutting Down Its Own Blockchain and Moving ONE to Ethereum

The plan follows an August exploit that forged more than 3 trillion tokens and a rollback that discarded over 141,000 blocks, and it warns that multisignature wallets and liquidity pools cannot be migrated.

- Published: 2026-09-08T05:45:27.037Z
- Canonical: https://polylog.news/crypto/2026-09-08/harmony-proposes-shutting-down-its-own-blockchain-and-moving
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/a-seven-year-old-blockchain-is-permanently-abandoning-its-own-network-to-seek-refuge-on-ethereum/), [Cryptonomist](https://en.cryptonomist.ch/2026/09/07/harmony-one-migration/)

Harmony, a layer-1 network that launched seven years ago, has proposed ending its own blockchain and reissuing the ONE token on Ethereum in the standard token format known as ERC-20. Under the September 6 plan, the team would take a final s…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-09-08/harmony-proposes-shutting-down-its-own-blockchain-and-moving (subscription information: https://polylog.news/pricing).