Breaking News: Hacker Creates 1 Billion Tokens in Massive Attack on Altcoin Market
A recent hacking incident has sent shockwaves through the cryptocurrency market as an altcoin known as Holograph (HLG) fell victim to a major hack, resulting in the creation of 1 billion additional tokens.
In an official statement released by the developers, it was revealed that the altcoin team has already addressed the security vulnerability that led to the initial attack. They are currently collaborating with exchanges to freeze any malicious accounts involved. Additionally, an investigation is underway, with the developers seeking assistance from law enforcement agencies.
Following the hack, the price of HLG plummeted by over 50%, causing the total market value of the token to drop to approximately $7 million, with each token trading at $0.007092.
HLG is an altcoin that operates on the Ethereum network and is listed on popular centralized exchanges like Bybit, Gateio, and Kucoin.
Please note that this information is not intended as investment advice. For those interested in trading over 300 cryptocurrencies, consider registering with Binance exchange using this link for a 20% commission discount.
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