Harmony Proposes Shutdown of ONE Smart Contracts Over AI Risks

Harmony’s development team announced a proposal to halt activity on its native blockchain, citing concerns that emerging artificial‑intelligence technologies could pose security threats to the network.

Proposed migration to Ethereum

The team intends to move the ONE token to the Ethereum ecosystem. By doing so, Harmony hopes to leverage Ethereum’s larger security pool and developer community while preserving token value for holders.

New focus on AI‑generated video

Alongside the migration, Harmony disclosed plans to enter the AI‑video market. The shift signals a strategic pivot from its current blockchain services to content‑creation applications powered by artificial intelligence.

Urgent user action required

Harmony has set a deadline of September 10 for users to withdraw any assets locked in ONE smart contracts. The deadline is intended to give participants time to move funds before the proposed shutdown takes effect.