Odaily Planet Daily reports that the Layer-1 blockchain project Harmony has stated that threats from AI agents and state actors have reached a level where continuing network operations is no longer feasible, and the team plans to shut down the Harmony network. This proposal is currently non-binding, and users must exit the smart contracts by September 10, 2026.
Harmony plans to migrate ONE to Ethereum, with alternative token distribution determined by balances recorded in the network's final block, including wallets, staked tokens, validator rewards, smart contracts, and centralized exchange holdings. The alternative tokens will be airdropped to the same wallet addresses on Ethereum; however, multisignature vaults, liquidity pools, and on-chain applications cannot be migrated.
Harmony also plans to distribute funds from a $1.372 million pool over four quarters to eligible validators and delegators who maintain their stake, sign the agreement, and participate in governance. The total supply and release rate of ONE remain unchanged, with the released tokens allocated to the "The Remix Economy for AI Video" initiative. (Decrypt)