Holograph's tokenization platform was hacked, resulting in a $14.4 million loss as malicious actors exploited the operator contract to mint 1 billion HLG tokens. The value of HLG token plummeted by 60% to 80% following the hack.
Holograph Considers Involving Law Enforcement After Hacker Illegally Mints One Billion HLG Tokens — #hacking #decentralizedfinance https://t.co/26l4RcFnL0
ICYMI: Holograph hack leads to $7M loss, HLG token dives 80% Read the full article 👇 https://t.co/hSk4xX4ggW https://t.co/ZpUKb7lzvF
Holograph Compromised: HLG Value Plummets as Hacker Illegally Mints One Billion Tokens — #hacking #decentralizedfinance https://t.co/26l4RcFnL0
Crypto bros lost $385M due to hacks in May alone. Pump fun, Gala, Magpie, Sonne Finance, DMM Bitcoin. These losses could have been prevented with a single tool 🧵👇 https://t.co/624KlZJ0ON
Holograph hack leads to $7M loss, HLG token dives 80% https://t.co/uhkWAqqc62
💰 @holographxyz suffered an exploit in which a hacker inflated the supply of HLG by 66%. Blockchain sleuths believe the attack was perpetrator by a "rogue developer" from inside the Holograph team 👀 Read More: https://t.co/VSZFHYHWvp
HOLOGRAPH’S $HLG TOKEN FALLS 60% AFTER $14.4M HACK: WHAT WE KNOW - Holograph's tokenization platform has been hacked, resulting in a loss of $14.4 million. - Suspected malicious actors exploited Holograph's operator contract to mint 1 billion HLG tokens. - Following the hack,… https://t.co/pwsQNQshqm https://t.co/1ZIEB77spP
UPDATE: HOLOGRAPH TOKENIZATION PLATFORM HACKED FOR $14.4M; NATIVE $HLG TOKEN PLUMMETS