Holograph, a blockchain tokenization platform, suffered a major hack on June 14, resulting in a 79.4% drop in the value of its native token, HLG. A hacker exploited a vulnerability in the protocol's operator contract, minting 1 billion HLG tokens worth $14.4 million. The company has since patched the exploit and is working with crypto exchange partners to freeze the hacker's accounts. The HLG tokens have since recovered slightly, but the hacker had already begun converting the minted HLG into Tether (USDT). Holograph is now conducting an investigation and has contacted law enforcement.