🚨 Holograph Drops 60% Resulting In $14.4M Loss 🚨
😳 Holograph’s tokenization platform was hacked which resulted in a loss of $14.4 million.
😵 The hackers exploited Holograph’s operator contract to mint 1 billion HLG tokens.
🤔 HLG’s value dropped by 60% following the hack as the token’s price fell from $0.014 to $0.0029 in just ten minutes.
🤔 The hack involved nine transactions starting on June 13 at 9:47 am UTC, as per Etherscan data.
👀 The team has patched the initial exploit & is working with exchange partners to lock the malicious accounts.
👉 It has also launched an investigation & is in the process of contacting law enforcement.
