Holograph Protocol's Native Token Plummets 60% After Exploit Allows Attacker to Mint 1 Billion HLG Tokens
The Holograph protocol's native token has experienced a significant drop of over 60% following an exploit that allowed an attacker to mint 1 billion HLG tokens. The wallet acc01ade.eth is suspected to have been involved in the exploit, and a contributor to HLG with the same handle is listed on a Github page. The protocol has launched an investigation and is in the process of contacting law enforcement. The Holograph protocol facilitates consistent tokenization, interoperability, and secure cross-chain asset transfers across all EVM blockchains. The value of the 1 billion HLG tokens that were taken by the exploiter is currently worth slightly over $6.7 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Announcement of Bitget spot bot on adding 2 new trading pairs
We are pleased to announce that Bitget spot bot has now added: KOMA/USDT, AIXBT/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest a
Groundbreaking and Affordable: Why These Cryptos Under $1 Are Gaining Traction
Four High-Yield Altcoins to Watch as They Outshine in a Bear Market
Golden Cross and Cup & Handle Predict Major Upside for JASMY