Holograph, which suffered from a hacking incident inflating its native token supply, is now undergoing restructuring and has partnered with a security firm.
The Holograph platform suffered a major security breach, causing its native token HLG to drop by 80%. The hack highlighted vulnerabilities in the platform's operator contract, prompting swift mitigation efforts by Holograph.
On June 13, a hacker minted one billion HLG tokens by exploiting a vulnerability. Holograph patched the exploit and is working with exchanges to freeze accounts. A researcher suspects a rogue developer was involved. Holograph is considering law enforcement engagement.
Holograph's HLG token drastically dropped over 60% in value after a security breach allowed the minting of 1 billion HLG tokens.
The price of Holograph's native token, HLG, dropped 79.4% after a hacker minted one billion tokens. The breach highlighted the need for robust blockchain security measures.
Holograph suffered a security breach with 1 billion HLG tokens worth $14.4 million minted unauthorizedly. The team is collaborating with exchanges to freeze the hacker's accounts and is implementing corrective measures.
On June 14, Holograph experienced a security breach where 1 billion HLG tokens worth $14.4 million were minted. The Holograph team confirmed the incident and initiated corrective actions.
Holograph's native token HLG plummeted 79.4% after a hacker exploited a smart contract vulnerability, creating 1 billion tokens valued at $14.4 million.
Holograph (HLG) team patched an exploit after an attacker minted 1 billion new tokens, causing HLG to drop over 60%. Collaboration with centralized exchanges is ongoing to freeze exploiter accounts.