Holograph: A former contractor maliciously issued 1 billion HLGs, of which at least 200 million have been frozen
Odaily-Newsflash2024/06/15 02:51
By:Odaily-Newsflash
Odaily News Holograph, a full-chain NFT protocol, released an update on the security incident on X: A former contractor exploited a vulnerability to mint an additional 1 billion HLG tokens on Mantle, causing the protocol to be temporarily locked. The team is developing strategies to mitigate the impact of the vulnerability and working with security experts to prevent similar incidents from happening again. The attackers exchange accounts on Bybit, Gate, KuCoin, Bitget, and Backpack have been frozen, and at least 200 million of the 1 billion additional HLGs have been frozen. At the same time, the relevant exchanges have suspended all HLG deposits and withdrawals. Next, the official will conduct a third-party audit of the protocol and continue to promote the full-chain tokenization infrastructure and applications. Yesterday, the full-chain NFT protocol Holograph issued a statement on X that the Holograph contract has been exploited by malicious actors, and hackers can illegally mint an additional 1 billion HLG tokens. The team has patched the initial vulnerability and is working with various trading platform partners to lock malicious accounts. At the same time, an investigation has been launched and law enforcement agencies are being contacted.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trader makes $2,8 million profit on KEKIUS after Elon Musk boosts memecoin
Portalcripto•2025/01/02 23:00
Do Kwon Pleads Not Guilty in Billion-Dollar TerraUSD Fraud Case
Portalcripto•2025/01/02 23:00
Cardano (ADA) Price Recovery to $1 Unlikely As Whales Retreat
CryptoNewsNet•2025/01/02 22:55
Analyst Says One Crypto Sector Is Primed To Outperform in the Days Ahead – Here’s His Top Pick
CryptoNewsNet•2025/01/02 22:55
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$96,760.41
+1.78%
Ethereum
ETH
$3,445.89
+1.59%
XRP
XRP
$2.41
+0.55%
Tether USDt
USDT
$0.9991
+0.11%
BNB
BNB
$703.3
+0.10%
Solana
SOL
$207.1
+5.46%
Dogecoin
DOGE
$0.3375
+0.88%
USDC
USDC
$1.0000
-0.01%
Cardano
ADA
$0.9637
+1.91%
TRON
TRX
$0.2658
+3.45%
Bitget pre-market
Buy or sell coins before they are listed, including CATGOLD, MTOS, VERT, BIO, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now