According to Odaily, Beosin has detected that a hacker has increased the issuance of Holograph's HLG, some of which has been converted into USDT and sent to acc01ade.eth. The acc01ade.eth account has exchanged 1.3 million USDT for over 300 ETH and distributed it to four different addresses. A small portion of the funds has been deposited into Tornado Cash and Railgun.
The hacker's actions have raised concerns in the cryptocurrency community, as the conversion and distribution of such a large amount of USDT and ETH could potentially impact the market. The use of Tornado Cash and Railgun, platforms known for their privacy and anonymity features, further complicates the situation as it makes tracking the funds more difficult.
As of now, the authorities are yet to comment on the situation. The incident serves as a reminder of the potential risks and challenges associated with digital currencies, including hacking and the difficulty in tracing transactions. It also underscores the importance of implementing robust security measures to protect digital assets.