The Project Under Attack by Hackers Enters Restructuring Phase! Collaboration Established with Security Firm!
Holograph, the victim of an illicit attack, experienced an incident in which a hacker manipulated the total supply of HLG, the native token of the Holograph ecosystem.
Author:
Utku Yanık
20.06.2024 – 17:18
Update:
10 hours ago
0
Holograph Protocol has enlisted the services of Halborn Security to conduct a comprehensive examination of the recent vulnerability.
Holograph Recovery Update: Actions Taken Following the Hack
Upon the completion of this examination, the Holograph team intends to seek approval from exchanges to resume HLG deposits.
In addition to the vulnerability assessment, Halborn Security has been contracted as a long-term technical partner to conduct regular security audits for the Holograph Protocol, ensuring continuous security and stability.
In response to the vulnerability, Holograph has implemented a burn plan designed in collaboration with extensive community input.
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On June 13, 2024, the Holograph Protocol fell victim to an illegal attack in which a hacker manipulated the total supply of HLG, the native token of the Holograph ecosystem.
The hacker transferred 1 billion HLG to several centralized exchanges and engaged in aggressive selling. After notifying the exchanges, approximately 200 million HLG have been successfully frozen and are currently undergoing recovery through law enforcement procedures.
There are currently over 800 million HLG in circulation. Following extensive discussions with the community, a plan has been initiated to restore the total HLG supply to 10 billion.
*This article does not provide investment advice.
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