HLG, the native token of the Holograph protocol, fell more than 60% after an attacker exploited a vulnerability that allowed it to mint 1 billion HLG. 😱

On-chain data suggests that the acc01ade.eth wallet was involved in exploiting this vulnerability. A Github page with the same name indicates that this person is a HLG contributor. 🕵️‍♂️

The Holograph protocol provides a single contract address across all EVM blockchains. This ensures consistent tokenization, seamless composability, and secure cross-chain asset transfers. However, this time things went a bit wrong. 😅

The value of the 1 billion HLG the hacker missed is slightly more than $6.7 million at current market prices. This is a pretty good day for a hacker! 🤑

We are waiting for your comments to see what happens next. In the meantime, don't forget to check out our other news about DeFi and Web 3! 🚀🌕#DeFi#Web3 #Holograph