The team needs to start planning for the worst case scenario: 100M gone and no bail-out.
In all cases, I think the worthless assets need to be removed from circulation ASAP.
I would like to see a buy-back program that pays in One over multiple months/years to cover the loss. At least it would give some value to those worthless assets.
Basically, investors give worthless tokens to a smart contract and get an IOU of the value of the token (plus a small premium), but the reward is slowly paid back in one over the course of multiple months/years based on one performance.
This should give back at least partial value to the asset and give opportunity to investors still believing in the project to make a profit over time.
Those ones could come from staking/transaction fees (instead of being burned) or even minted as long as the minting is only a few percent of the total of circulating one per year.
If money is found or partially returned, then we could accelerate the buy-back using this income.
Of course, this minting would dilute investors owning ONE. But I think most of them agree now that the biggest risk is to see the project completely collapse. If no refund plan/payback and no bailout is made, Harmony is dead 100%, mark my word.
Finally, I would recommend setting a deadline for this buy-back program, for example one month, to quickly remove from circulation most of the un-pegged tokens and close this sad chapter once and for all.
Now Ethereum trustless bridge should be the uttermost priority from the team perspective. RPC and Explorer remain the two other big things the team needs to deal with.
The team should acknowledge the poor management and security practices that lead to this catastrophe, and apply strong leadership changes. I would love to see a motion of censure vote taking place in this regard.
Note that I tried to make a thread basically explaining this to see if some fellow investors would agree with this, but it goes lost in moderation approval for some reason.
I was expecting more 